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

$81,200

  • 2.1% 1-year change
  • 2.6% 1-year forecast

The median home value in Erwin is $81,200. Erwin home values have gone up 2.1% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Erwin is $71, which is lower than the Johnson City Metro average of $92. The median price of homes currently listed in Erwin is $124,900 while the median price of homes that sold is $92,500.

Foreclosures will be a factor impacting home values in the next several years. In Erwin 2.9 homes are foreclosed (per 10,000). This is lower than the Johnson City Metro value of 4.4 and also lower than the national value of 3.9

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 1.2%, which is lower 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 16.8%, which is higher than Johnson City Metro at 14.2%.

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Relative ZHVI
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Erwin Market Overview

Data through Feb 28, 2015
  • $81,200 ZHVI
  • 2.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $124,900 Median listing price
  • No recent data Median sale price
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Erwin Market Health

Data through Feb 28, 2015
  • 5.4/10 Stable
    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.
  • No data Average days on Zillow
  • 16.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 1.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.9 homes Erwin
4.4 homes Johnson City Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Barnardsville $202,800
Jonesborough $145,300
Telford $142,400
Name Median ZHVI
Johnson City $133,900
Fall Branch $127,800
Tusculum $125,800
Name Median ZHVI
Limestone $125,500
Unicoi $97,700
Chuckey $83,200

Listings & Sales

Data through Feb 28, 2015
  • $71 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 9.8% Listings with price cut
22.2%
Sold below listing
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Erwin Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $825 Erwin
    $991 Johnson City Metro
    $1,355 United States

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

  • 1.0 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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