Terre Haute, IN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Terre Haute short-term rental market based on reliable data.

Listings

145 / 266

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$21,473

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$160,060

Median Home Sale Price

Top Earners

$37,381

Top-Earners Revenue

Terre Haute

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Terre Haute.

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B

Generally Investor friendly

Terre Haute Regulations

STRs are permitted and not banned, but require zoning eligibility, a Special Exception if not permitted by right, an Improvement Location Permit and Certificate of Use & Occupancy, insurance, and state/local tax registration. Costs and processes are moderate, there are no explicit caps, and the tone is supportive, keeping compliance manageable but not trivial.

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About Terre Haute

Terre Haute sits in western Indiana as the seat of Vigo County, straddling the Wabash River near the Illinois border. With a city population of roughly 58,000 and a metro area that pushes well past 100,000, it functions as the largest urban hub for a wide swath of rural southwestern Indiana and adjacent eastern Illinois. The city has a comfortable, mid-sized college-town feel, anchored by Indiana State University, and a revitalized historic downtown whose red-brick storefronts and riverfront give it a settled, Midwestern character. Terre Haute is best known locally as a regional hub for healthcare, education, and outdoor recreation, and it serves as a convenient gateway to the covered-bridge country of Parke County, the state parks of western Indiana, and the broader Wabash Valley. The nearest major city is Indianapolis, which lies about 75 miles to the northeast, an easy drive of roughly an hour and a half on Interstate 70.

Just a few minutes from downtown, the Indiana State University campus is one of the city's defining features. Visitors come for the university's events, including Sycamore basketball games at Hulman Center, and for the tree-lined walks of a campus that doubles as a community gathering place. It is essentially walkable from most central Terre Haute neighborhoods, making it a steady source of year-round visitors.

To the southwest of town, Shakamak State Park offers about 1,800 acres of forest and three lakes for swimming, fishing, and camping. The park lies roughly 30 miles from Terre Haute, or about a 45-minute drive, and it is a popular family-friendly alternative to the larger parks further north. Its proximity makes it a frequent day-trip or weekend-stay option for visitors who want a quick nature escape without a long haul on the highway.

About 45 miles north of the city, Turkey Run State Park is one of Indiana's most celebrated outdoor destinations, with deep sandstone canyons, Sugar Creek, and miles of wooded hiking trails. The drive from Terre Haute runs just over an hour, and pairing a city stay with a Turkey Run visit is a classic Wabash Valley itinerary. Nearby, the covered bridges of Parke County draw road-trippers every fall during the self-proclaimed "Covered Bridge Capital of the World" festival, adding a strong seasonal draw to the region.

Downtown Terre Haute itself holds smaller cultural stops worth a few hours, including the Swope Art Museum, a long-running regional gallery, and the Clabber Girl Museum, which tells the story of the famous Terre Haute-based baking-powder brand inside the company's historic factory complex. These walkable attractions give the city center an appealing base-of-operations feel.

For short-term-rental investors, Terre Haute offers a useful combination: an affordable Midwest market with a stable university and healthcare-driven base of visitors, walkable downtown amenities, and easy road access to several of Indiana's signature outdoor destinations. Its position along the I-70 corridor between Indianapolis and St. Louis, paired with the steady pull of Turkey Run, Shakamak, and Parke County, gives the city a broad appeal for both regional road-trippers and longer leisure stays.

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