Rent to own Homes in Terre Haute, IN
Close Proximity to Air Travel. The nearby Terre Haute International Airport provides national and international travel if you are planning a trip. For smaller, commuter and recreational flying, you can go to the nearby Sky King Airport, just two miles north of Terre Haute's center.
Terre Haute, IN is a great place for affordable rent-to-own homes! With a median household income of over $37,299 and a median rent of $754, the Terre Haute, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Terre Haute, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Terre Haute, IN Property Resources
Rent to own Homes in Cities Near Terre Haute, IN
- Blanford
- Bowling Green
- Brazil
- Carbon
- Centerpoint
- Center Point
- Clay City
- Clinton
- Coalmont
- Cory
- Dennison
- Dresser
- Fairbanks
- Fairview Park
- Farmersburg
- Fontanet
- Harmony
- Hillsdale
- Hymera
- Jasonville
- Knightsville
- Lewis
- Marshall
- Mecca
- Montezuma
- New Goshen
- North Terre Haute
- Paris
- Pimento
- Riley
- Rockville
- Rosedale
- Seelyville
- Shelburn
- Shepardsville
- Staunton
- St. Bernice
- St. Mary of the Woods
- Sullivan
- Tecumseh
- Terre Haute
- Toad Hop
- Universal
- Vermilion
- West Terre Haute
- West Union
Neighborhoods in Terre Haute, IN
Hulman Meadows rent to own homes Dobbs Glen rent to own homes Indiana State University rent to own homes Meyers - Westminster rent to own homes Walden Court rent to own homes Deming rent to own homes Downtown Terre Haute rent to own homes Fenwood rent to own homes Sugar Grove - Indian Acres rent to own homes North Fruitridge - Ft. Harrison Industrial Park rent to own homesPopular Zip Codes in Terre Haute, IN
47801 rent to own homes 47803 rent to own homes 47809 rent to own homes 47804 rent to own homes 47807 rent to own homesBuying a Home in Terre Haute, IN
Terre Haute, IN is seeing rapid growth and Terre Haute, IN's' housing market remains optimal with an average home price that is -61% below the 2024 national average. Terre Haute, IN is part of Vigo county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Vigo is 0.97% which is below the national average, which is 0.99%.
Median Home Price in Terre Haute, IN
Median Rent in Terre Haute, IN
Top 14 Reasons to Live in Terre Haute
Alternative Public Transportation. If you are traveling a shorter distance or right within the Terre Haute city limits, you can take the buses at the Terre Haute Transit Utility. The average commuting time is only 16.8 minutes. Alternatively, you can check out the buses at Miller Trailways, which takes regular trips to local metro areas.
Great Residential Communities. There are some tremendous rent to own houses in the Terre Haute region. Along 13th Street, there are numerous houses for sale and for rent for those looking for rent to own homes. Alternatively, you can check out the Poplar district, which runs perpendicular and through the town's center. Renting here will only cost you an average of $534 a month!
Diverse Suburban Communities. Houses around the Landing, where a local golf course is located, are fantastic for those looking to buy or looking to rent to own. The Hulman Links region of Terre Haute is another great place to look for fantastic real estate in sleepy suburbs. It's best to act quickly, since the median home value sit at $74,825.
Parks and Recreation. The city has great amenities, including numerous parks. Deming Park and Dobbs Park are two of the most notable and fantastic places to spend a slow afternoon in the city. Not only can you enjoy some fresh air here, you can also enjoy the 5.07% annual appreciation rate if you're looking to buy a home!
Rental Options in the Vicinity. If you are looking for rentals, you can find many communities to rent in since the vacancy rate is a roomy 15.15%. The Springhill Apartments and the Heritage Trail Apartments are two nice, local communities to look at when you are moving to the area.
Central Location for Big-City Living. If you are looking for a living situation that is closer to the center of town, then the Village Quarter and the Garden Quarter are two of the regions that you should check into, as they are great for those who like a big-city atmosphere.
Arts in the Community. If you are a lover of the arts, you will find some great places to check out in Terre Haute. The Swope Art Museum is one of the best places to check out some of the local art. You can also find some more contemporary and notable art at the Halcyon Contemporary Art Gallery.
Performing Arts Centers. If you like the theater and the performing arts, you can find those types of places as well. The Community Theater has regular shows, sometimes on a weekly basis. You can also enjoy the Crossroads Repertory Theater for traveling shows that come to the area.
Fine Local Dining. M Moggers Restaurant and Pub is one of the favorite local pubs in the city limits of Terre Haute with classic bar-and-grill foods and beverages. For a more eclectic choice of worldly foods, you can go to Gerhardt's Bierstube Restaurant, which serves authentic German food.
Surprising Nightlife. If you like spending the nights out and on the town, you can go to the Verve, a local nightclub with excellent music and drinks. For a more country-style clubbing experience, you can check out the Club Coyote.
Cultural Activities. Check out the Oakley Observatory, where you can go to learn about space. Alternatively, you can check out the local Emeline Fairbanks Memorial Library, which features many activities all year round.
Great Rural Land and Homes for Sale. In 2012, over 67% of homes in Terre Haute were owner-occupied. If you are looking for great land and homes that are on the outlying area of Terre Haute, you will find some great and affordable homes along Fort Harrison, an outlying region. Additionally, you can check out the eastern area for Hawthorn and Maple, a region near a park and a lake.