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Erwin, TN Real Estate


According to census data in the year 2000 there were 2,556 housing units in Erwin. This represents a 13.1% growth from 2,259 in 1990.

Of those housing units, 2,528 were located in either urbanized areas or urban clusters, and 28 were located in what is classified as a rural area.

Homeownership rate in Erwin is about 69.7%. Erwin's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Erwin were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom8.40%
Two Bedrooms31%
Three Bedrooms46.60%
Four Bedrooms10%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1953
Median Value of occupied units$78,400
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1961
Median Monthly Rent asked for vacant units$433

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.30%
Home Equity Loan2.40%
Simple Mortgage37.70%
Debt Free54.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.9%