Terre Haute, IN

[Account Closed]

Hey BP,

I've been researching various cities, and it seems like Terre Haute has a low median house price with a high median rent. My question is whether you think this is sustainable for a long-term investment. I'm looking for a buy-and-hold SFR property. In a lot of economic indicators, it looks to be on par with average job growth, pop growth, income growth etc.  Local investors, what can you tell me?

[Robert Martin]

I'm a Realtor here in Terre Haute and my company handles about 80% of the repo's on the listing and selling side.  Rents will not go down due to the city tearing more older homes down, Indiana State University, Rose Hulman Engineering School being here will always make rents stay stable.