Market Overview
Home Prices in Erwin, TN
The median home value in Erwin, TN is $231,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and down 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Erwin are priced44% below average. Erwin is part of the Johnson City, TN metro area.
Over the past five years, Erwin home values have risen by approximately39.5%, reflecting strong long-term appreciation in this market.
Price History
Erwin Home Price Trend
City Comparison
Erwin vs. National Median
At $231,612, homes in Erwin cost 44% below the national median of $410,000. This makes Erwin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Erwin?
20% Down Payment
$46,322
on $231,612
Monthly P&I
$1,208/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,534/mo
incl. taxes & insurance
Income Needed
$61,360
gross annual (30% rule)
10% Down Option
$23,161
+ PMI applies
Loan Amount (20% dn)
$185,290
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Erwin, TN?
The median home value in Erwin is $231,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Erwin?
Over the past year, home values in Erwin have increased by 4.5%. Over five years, prices have risen approximately 39.5%.
How much do I need to earn to buy a home in Erwin?
To comfortably afford the median home price of $231,612 with a 20% down payment ($46,322) at today's rates (6.8%), you'd need a gross annual income of approximately $61,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Erwin compare to the national average home price?
The national median home value is approximately $410,000. At $231,612, homes in Erwin are 44% below the national average.
What metro area is Erwin part of?
Erwin is part of the Johnson City, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.