c.1920 Indiana Starter Home For Sale $50K

$50,000

This 2-bedroom, 1-bathroom Indiana starter home offers just under 1,100 square feet of bright, easy-living space. Perfectly sized for effortless upkeep, the layout feels open and welcoming from the moment you step inside. It is the ideal match for anyone looking to simplify their lifestyle or buy their very first home!

Realtor Comments

Located at 1904 7th Ave in Terre Haute. The property presents a strong opportunity for investors or buyers looking to add value through renovation. Property sold as-is.

2bd
1ba
1,050sqft
4,356sqft lot
Circa 1920

More Indiana Properties

1904 7th Ave, Terre Haute, IN 47807, USA

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Parker Sinclair

Brokered by HOERETH REAL ESTATE CORPORATION

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The Pros

Exceptional Affordability: The cost of living is vastly lower than the national average. Median home values sit around $99,600, making homeownership highly achievable.
Vibrant Higher Education Hub: The city houses major institutions like Indiana State University and the highly ranked engineering school, Rose-Hulman Institute of Technology. This infuses the area with sports, cultural events, and youth.
Strategic Regional Proximity: Terre Haute is situated uniquely within a 3-hour drive of several major midwestern metro hubs, including Indianapolis, Chicago, St. Louis, Cincinnati, and Louisville. [1]
Fresh Civic Growth and Modernization: Under recent leadership, the city has experienced a steady economic shift. Local initiatives targeting blight elimination, new housing construction, and infrastructure repairs have successfully reversed decades of population decline, leading to measurable growth

The Cons

Stagnant Local Economy: The median household income hovers around $41,000 to $41,230, which is significantly below national and statewide benchmarks. High-paying, specialized career paths can be harder to find locally.
Elevated Crime & Substance Abuse: The city faces notable challenges with property crime, storage unit thefts, and drug-related arrests. Certain zip codes (such as 47807) struggle with concentrated poverty.
Underperforming Public Schools: Local public school infrastructure and standardized testing scores in Vigo County have historically lagged behind state averages, a common concern for families.
Seasonal “Ghost Town” Effect: Because the local economy relies heavily on the student population, the city can feel relatively empty and quiet during the summer months when college is out of session