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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Erin, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Erin, TN Housing Market Trends

With 1,192 people, 483 houses or apartments, and a median cost of homes of $217,107, house prices in Erin are solidly below the national average.

Single-family detached homes are the single most common housing type in Erin, accounting for 69.42% of the city's housing units. Other types of housing that are prevalent in Erin include duplexes, homes converted to apartments or other small apartment buildings ( 12.48%), mobile homes or trailers ( 11.25%), and a few large apartment complexes or high rise apartments ( 6.33%).

The most prevalent building size and type in Erin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.05% owning and 46.95% renting.

There is a lot of housing in Erin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Erin built between 1940-1969 ( 23.55%). A lesser amount of the housing stock also hails from before 1939 ( 18.10%). There's also some housing in Erin built between 2000 and later ( 9.31%).

Vacant housing appears to be an issue in Erin. Fully 15.11% of the housing stock is classified as vacant. Left unchecked, vacant Erin homes and apartments can be a drag on the real estate market, holding Erin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Erin Home Appreciation Rates

In the last 10 years, Erin has experienced some of the highest home appreciation rates of any community in the nation. Erin real estate appreciated 139.60% over the last ten years, which is an average annual home appreciation rate of 9.13%, putting Erin in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Erin definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Erin appreciation rates have trailed the rest of the nation. In the last twelve months, Erin's appreciation rate has been 5.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Erin were at 0.93%, which equates to an annual appreciation rate of 3.79%.

Notably, Erin's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Erin's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$217,107

Erin, TN Home Prices
> $1,520,000
$1,140,001 - $1,520,000
$760,001 - $1,140,000
$608,001 - $760,000
$456,001 - $608,000
$304,001 - $456,000
$152,001 - $304,000
$76,001 - $152,000
$0 - $76,000
1.5%
1.5%
3.0%
3.0%
2.5%
2.5%
2.5%
2.5%
5.8%
5.8%
21.5%
21.5%
26.5%
26.5%
20.1%
20.1%
16.7%
16.7%
0% 100.0%
% of Homes
Low

for Tennessee

Low

for nation

Number of Homes And Apartments:

483

Erin Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,246 / per month

Homeownership Rate

Owners
Renters
53.1%
53.1%
46.9%
46.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.1%
15.1%
84.9%
84.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.3%
9.3%
49.0%
49.0%
23.6%
23.6%
18.1%
18.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.4%
69.4%
0.5%
0.5%
12.5%
12.5%
6.3%
6.3%
11.2%
11.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
15.3%
15.3%
20.0%
20.0%
50.6%
50.6%
11.6%
11.6%
2.5%
2.5%
0% 100.0%
% of Homes