$86,451Average Value$86Average Price per Sq Ft2Homes For Sale
Lecture halls, dorms and arenas at the northern edge of Terre Haute’s Downtown
Brick lecture halls, libraries and athletic arenas stand tall along the northern edge of Downtown Terre Haute, which has been home to Indiana State University (ISU) since 1865. Close to 6,700 undergraduates and just over 1,600 graduate students attend this 4-year public institution: they live in dorms like Cromwell Hall, fill up local taverns like the Tree House and rent off-campus apartments near Union Hospital. “The university is an anchor in the city,” says Andrew Southard, a Berkshire Hathaway Realtor who’s called Terre Haute home since 1997, adding, “It’s changed drastically since I moved here.” Terre Haute’s evolution can be in part attributed to ISU, which continues to invest in new classrooms, performance venues and arenas. “The Hulman Center also just got a major facelift,” says Southard, highlighting the “larger than life” statue of Larry Bird out front, a bronze tribute to the former NBA legend. Although students make up the majority of this neighborhood, there are also opportunities for investors on quiet, sidewalk-lined streets.
Brick lecture halls, libraries and athletic arenas stand tall in Indiana State University.
Indiana State University was founded in 1865.
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Family-run restaurants and classic American dishes in a renovated bus terminal
Wabash Avenue, a main commercial thoroughfare in Terre Haute, borders Indiana State University to the south. It’s lined with fast-casual taquerias, sit-down restaurants and small smoke shops. The Saratoga, a family-run establishment with a menu of American classics and a history dating back to 1942, comes highly recommended by Southard. Kai Burnett, the day shift manager at Charlie’s Pub & Grub on Crawford Street, also highlights Charlie’s sister restaurant, the Terminal Public House. Here, dishes like pot roast and filet sliders are served from inside a renovated bus terminal. For groceries, residents can head to the Kroger just east along Wabash. According to Southard, Terre Haute’s central Downtown has seen the emergence of new boutiques and breweries in recent years. “Again, there’s just a lot of things happening in the city right now,” he says.
Ballyhoo Tavern & Pizza King has been on the Indiana State University campus for over 70 years.
Indiana State University Residents grab dinner at The Terminal Public House.
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Basketball and touring bands at the Hulman Center
During basketball season, the ISU Sycamores tip off at the Hulman Center, an arena that seats 9,000 fans. As a concert venue, it has even welcomed the likes of Kenny Rogers and STYX. Proximity to the university also means plenty of events, ranging from a variety of lecture series throughout the academic year, student theater in Dreiser Hall and a professional summer company called Crossroads Rep. Students display their work at The University Art Gallery and look forward to the homecoming football game at Memorial Stadium in the fall. About 2 miles south of campus is The Mill, an outdoor amphitheater that borders the Wabash River.
Larry Bird is immortalized in bronze at the Hulman Center in Indiana State University.
An Indiana State University student practices for an upcoming recital.
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Single- and multi-family homes dating back to the early 20th century
Homes surrounding Indiana State University date back to the early 20th century, and some were even built prior to 1900, back when Terre Haute’s economy was centered around the iron and steel industry. There’s a mix of bungalows, Foursquares and quaint shotgun cottages. Prices can range between $50,000 and $100,000 for single-family homes (many of which are under 1,000 square feet in size), while multi-family homes can fetch upwards of $150,000. Some individual units are then later rented out to students or Union Hospital traveling staff. Lot sizes around Indiana State University are comparatively small, hovering around an eighth of an acre.
A picket fence lines the sidewalk in front of this Indiana State University home.
A row of multi family homes stand side by side in the Indiana State University neighborhood.
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Robust course options and career clusters at Terre Haute North Vigo High School
Students living near Indiana State University are districted for Vigo County Public Schools, such as Ouabache Elementary, which Niche grades a C-plus, Otter Creek Middle, which has a C grade and Terre Haute North Vigo High School, which earns a B-minus. The high school has an extensive course catalog, with class options ranging from film literature and poetry to AP environmental science. There are also over a dozen Career Clusters, which offer skill-building in everything from advanced manufacturing to hospitality.
Ouabache Elementary School has a 15 to 1 student teacher ratio.
Terre Haute North Vigo High School received a B in the academic category from Niche.
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Campus greens and annual festivities in Fairbanks Park
Indiana State University is made up of a network of campus greens, shaded pathways and landscaped gardens and it’s common to see students lounging outside the rec center on sunny days. Fairbanks Park is just south of the neighborhood and hosts the Banks of the Wabash Festival in May, a week-long event complete with carnival rides, fried dough and live music. The park is also home to paved walking trails, picnic shelters and the YMCA of the Wabash Valley, which has onsite aerobics, a fitness center and childcare options. For disc golf, residents drive to Deming Park, which spans approximately 175 acres, just 3 miles east.
Open green space can be found throughout the Indiana State University campus.
Indiana State University Residents can relax along the Wabash River at Fairbanks Park.
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Downtown Terre Haute museums
From the brand-new Larry Bird Museum, located next to the Terminal Public House, to the Eugene V. Debs Historic Home, Terre Haute has a growing network of museums, many of which are within walking distance of Indiana State University. Admission is free at Swope Art Museum, and the city’s popular children’s museum has an indoor tree house, Magna-Tile room and even spaces for pretend grocery shopping and imaginary veterinary visits.
Indiana State University residents or just minutes from downtown museums.
Kids of Indiana State University learn the laws of physics at the Terre Haute Children's Museum.
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Public transportation is a speedy and affordable way to get around Indiana State University.
ISU shuttles, Terre Haute Public Transit, Greyhounds to Indianapolis
Indiana State University students can make use of the school’s free shuttle service, and one-time fares are $1.75 on the city’s public bus line. Routes connect ISU to the Rose-Hulman Institute of Technology, another prominent school in Terre Haute, and other destinations like Plaza North Shopping Center. Along with the Vigo County School System, Union Hospital is one of the city’s main employers; it borders the neighborhood to the north, within walking distance for nurses and support staff who call the Indiana State University area home. Interstate 70, meanwhile, connects the neighborhood to Indianapolis. It takes about an hour and 20 minutes to drive the 75 miles to the state’s capital, and Greyhounds leave regularly from the Terre Haute bus station on Cherry Street. Most residents rely on the Indianapolis International Airport for commercial flights, although Terre Haute is home to its own small regional facility mostly used for ISU flight programming.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this neighborhood?
Reach out to
Anne Copple,
an experienced agent in this area.
Parks in this Area
Vi Cottrell Park
Fairbanks Park
Fairbanks Park National Heritage Trail Stop
Crime and Safety
1 - Low Crime, 10 - High Crime
Indiana State University
US
Homicide
5
4
Sexual Assault
8
4
Assault with Weapon
5
4
Robbery
5
4
Burglary
5
4
Motor Vehicle Theft
4
4
Larceny
6
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Indiana State University, Terre Haute sell after 17 days on the market compared to the national average of 47 days. The average sale price for homes in Indiana State University, Terre Haute over the last 12 months is $68,475, down 54% from the average home sale price over the previous 12 months.
Versatile Property with Endless Possibilities---Single Family Home or Duplex!!! This beautifully upgraded property offers the perfect opportunity for flexible living! Whether you're looking a spacious single-family home or a smart 2 unit investment, this property has it all. Many recent upgrades include: metal roof, vinyl windows, new plumbing, electrical, 2 new water heaters, 2 new furnaces,
Investment opportunity! New construction featuring upscale amenities including new appliances, vinyl plank flooring and quartz countertops. 4br/4 ba home. 2200 sq.ft. All electric. Open concept living/dining room combo. Bedrooms are generously sized with large closets. Full baths with tub/shower combo. Plenty of storage space! Currently leased for $2200/mo plus utilities.
SYCAMORE PLACE APARTMENTS...THE BEST HOUSING VALUE NEXT TO CAMPUS...on the edge of Indiana State University.5 Minute walk to campusAll included premium treatmentResidents are provided with an exceptional level of customer service that only owners can provide. Ten different floorplans to meet all needs, 1 to 3 bedrooms, single level and townhome floorplansFREE
Interested in learning more about homes in this neighborhood?
Reach out to
Anne Copple,
an experienced agent in this area.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,477
Median Age
28
Population under 18
20.4%
On par with the national average
23.8%
Population over 65
12.9%
Below the national average
19.1%
Finances
Median Household Income
$20,163
Significantly below the national average
$71,702
Average Household Income
$29,172
Education and Workforce
High School Graduates
81%
Below the national average
89.1%
College Graduates
15.7%
Below the national average
34.1%
Advanced Degrees
11.2%
% Population in Labor Force
65.4%
Area Factors
Bikeable
Bike Score®
67/ 100
Somewhat Walkable
Walk Score®
63/ 100
Minimal Transit
Transit Score®
24/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
