Home Values

Erwin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$84,900

  • -0.1% 1-year change
  • None 1-year forecast

The median home value in Erwin is $84,900. Erwin home values have declined -0.1% over the past year. The median list price per square foot in Erwin is None.

Foreclosures will be a factor impacting home values in the next several years. In Erwin 5.3 homes are foreclosed (per 10,000). This is greater than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Erwin is 7.3%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Erwin homeowners underwater on their mortgage is 14.3%.

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Relative ZHVI
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Erwin Market Overview

Data through Mar 31, 2015
  • $84,900 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No recent data Median sale price
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Erwin Market Health

Data through Mar 31, 2015
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 14.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

5.3 homes Erwin
3 homes United States
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Nearby Cities

Name Median ZHVI
Fuquay Varina $188,600
Linden $166,100
Willow Spring $162,300
Name Median ZHVI
Lillington $151,000
Angier $132,600
Wade $128,600
Name Median ZHVI
Benson $124,800
Spring Lake $102,600
Coats $96,200

Listings & Sales

  • No data
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Erwin Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $779 Erwin
    $1,054 Dunn Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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