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Preforeclosure Homes in Erwin, TN 37650

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Erwin, TN Foreclosures

How much do homes sell for in Erwin, TN?
The average home price is currently $196,349.
In Erwin, TN, how many homes are available?
There are currently 5 active home listings available in Erwin.
What’s the average rental cost in Erwin, TN?
The average rental price in Erwin is $951.
What is the most expensive home in Erwin?
The most expensive home sold in Erwin had a price of $5,403,865.
What is currently the cheapest priced home in Erwin, TN?
The cheapest home for sale in Erwin is priced at $9,358.

Living in Erwin, TN

Erwin, TN is a quaint town nestled in the Appalachian Mountains, offering a serene lifestyle with access to outdoor activities and community events. The town boasts charming local shops and a friendly atmosphere while being close to larger urban areas for additional conveniences. Residents enjoy a tight-knit community enriched by the stunning natural surroundings.

Current Market Conditions in Erwin, TN

The current real estate market in Erwin, TN, is marked by a steady demand for homes, influenced largely by its beautiful landscapes and tranquil living conditions. Over the past few months, housing prices have seen moderate increases, making it a promising area for real estate investments and new buyers looking for affordable yet desirable homes.

Investment interest has grown in Erwin, particularly for properties that offer opportunities for renovation or development. As potential buyers look for spaces that are both accessible to natural amenities and community services, the small-town charm coupled with outdoor elements positions the area favorably.

Home Value Estimator For Erwin, TN

There are currently 5,352 real estate properties in Erwin, TN, with a median automated valuation model (AVM) price of $180,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erwin, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Erwin, TN, is $196,349.00, with the most expensive house in Erwin, TN, topping out at $5,403,865.00 and the cheapest home in Erwin, TN, clocking in at $9,358.00. In other words, there’s something for every potential homebuyer or savvy investor in Erwin, TN!

Rent Prices In Erwin, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erwin, TN, is on a rollercoaster ride. The average rent price in Erwin, TN, is $951.00. Indeed, when looking to rent in Erwin, TN, you can expect to pay as little as $510.00 or as much as $2,760.00, with the average rent median estimated to be $910.00. The good news is that finding an affordable and desirable property to rent in Erwin, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Erwin, TN 37650 Preforeclosure Homes

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