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Erwin town, TN

ZIP 37650 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37650

Median Home Value
$156,000
Median Rent
$470
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,002/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37650 in Erwin town, TN, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,002. That sits below the local median household income ($49,671), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.2%+13% vs US avg
x
Vacancy Rate
12.7%+24% vs US avg
x
Broadband Access
80.1%-8% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
11.6%-9% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
54.8%+44% vs US avg
x
$156,000
Home Value
$470
Rent
1973
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.0%
  • 1-unit attached1.4%
  • 2-9 units9.4%
  • 10+ units1.5%
  • Mobile home & other17.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$156,000
Median rent$470
Owner-occupied74.2%
Vacant12.7%
Price-to-income3.1x
Est. income to buy$43,000