Erwin, TN housing market
The typical Erwin home is worth about $225,000, up 4.6% in a year, 33% below the Tennessee typical home. Homes typically sell in 65 days, close to asking.
Home values, sales, trends and how Erwin compares with the towns next door — updated as new data is published.
Erwin at a glance
A buyer's market
More homes are for sale than are selling — about 6 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Erwin | Tennessee |
|---|---|---|
| 2017 | $117,000 | $174,000 |
| 2018 | $118,000 | $187,000 |
| 2019 | $126,000 | $198,000 |
| 2020 | $139,000 | $215,000 |
| 2021 | $152,000 | $238,000 |
| 2022 | $183,000 | $287,000 |
| 2023 | $188,000 | $313,000 |
| 2024 | $213,000 | $326,000 |
| 2025 | $220,000 | $334,000 |
| 2026 | $222,000 | $333,000 |
| August 2026 | $225,000 | $334,000 |
12 new homes permitted in 2025
Builders were permitted 12 new homes in Erwin in 2025, all single-family houses, worth about $2.7 million to build. That's 2 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Erwin has permitted 68 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Erwin's population fell by 14 even though 64 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Tennessee: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $1.8 million |
| 2025 | 12 | 12 | 0 | $2.7 million |
| 2024 | 14 | 14 | 0 | $3 million |
| 2023 | 5 | 5 | 0 | $1.4 million |
| 2022 | 24 | 24 | 0 | $4.8 million |
| 2021 | 1 | 1 | 0 | $224,000 |
| 2020 | 8 | 8 | 0 | $1.1 million |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 3 | 3 | 0 | $218,000 |
| 2016 | 1 | 1 | 0 | $220,000 |
| 2015 | 1 | 1 | 0 | $200,000 |
| 2014 | 1 | 1 | 0 | $200,000 |
| 2013 | 3 | 3 | 0 | $441,000 |
| 2012 | 53 | 1 | 52 | $6.5 million |
| 2011 | 2 | 2 | 0 | $373,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $240,000 |
| 2008 | 2 | 2 | 0 | $545,000 |
| 2007 | 5 | 5 | 0 | $648,000 |
| 2006 | 6 | 6 | 0 | $870,000 |
| 2005 | 8 | 8 | 0 | $959,000 |
| 2004 | 12 | 6 | 6 | $805,000 |
| 2003 | 74 | 10 | 64 | $2.8 million |
| 2002 | 6 | 6 | 0 | $462,000 |
| 2001 | 13 | 11 | 2 | $1.3 million |
| 2000 | 8 | 8 | 0 | $1 million |
Erwin's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Erwin ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Erwin and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Erwin | $225K | +4.6% | $1,010 | 12 | $47,487 |
| Banner Hill | — | +0.4%† | $1,010 | — | $59,784 |
† FHFA price index change, where Zillow has no home value for the town.
4.7 years of income
The typical Erwin home costs about 4.7 years of the town's median household income, about the same as across Tennessee (4.8).
How Erwin ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Erwin is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Erwin pay a median of $614, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $810 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37650; Johnson City, TN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.