The housing market in Erwin, TN is booming! The median value of homes in Erwin is currently $160,900, which is significantly lower than the US median of $338,100. Additionally, over the past year house appreciation in Erwin has been much higher than the national average; with a 20.28% increase compared to 8.27%. This indicates that now is a great time to invest in housing in the Erwin area as it is likely to continue appreciating at a higher rate than the national average.
The median home cost in Erwin is $160,900. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Erwin is up 24.2%.
Average Age of Homes
- The median age of Erwin real estate is 56 years old
The Rental Market in Erwin
- Renters make up 32.4% of the Erwin population
- 1.7% of houses and apartments in Erwin, 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.