Zip 37650 (Erwin, TN) Housing

The housing market in 37650 Erwin, TN is booming! The median value for homes in the area is $160,600, significantly lower than the US national median value of $338,100. However, the 1 year appreciation rate for homes in 37650 Erwin is 20.28%, compared to 8.27% nationally. This indicates that the real estate sector is growing and thriving here and is an attractive option for potential home buyers and investors alike.

The median home cost in Erwin (zip 37650) is $160,600. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Erwin (zip 37650) is up 24.2%.

Average Age of Homes

- The median age of Erwin (zip 37650) real estate is 47 years old

The Rental Market in Erwin (zip 37650)

- Renters make up 26.9% of the Erwin (zip 37650) population
- 0.8% of houses and apartments in Erwin (zip 37650), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Erwin, Tennessee	United States
	6,266.0	139,647,020.0
	48	42
	$160,600	$338,100
	24.2%	16.6%
	71.7%	57.0%
	87.2%	101.1%
	$5.95	$10.98
	$758	$2,690
	66.9%	57.4%
	13.9%	11.2%
	19.2%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	10.7%	4.1%
Value of Owner-Occupied Housing
	5.7%	2.6%
	5.4%	2.4%
	2.8%	2.8%
	8.6%	3.9%
	14.4%	4.5%
	30.7%	11.3%
	11.3%	13.0%
	13.5%	20.1%
	5.0%	13.6%
	0.7%	8.3%
	1.6%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.6%	13.6%
	9.6%	13.6%
	15.0%	13.6%
	10.3%	13.2%
	17.8%	14.8%
	15.0%	13.6%
	10.2%	10.0%
	8.6%	4.7%
	15.8%	12.2%

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