37061, Erin, TN

The 37061 zip code of Erin, TN has a median home value of $136,000 and a median home equity of $77,000. This is significantly lower than the national median home value of $217,500 and the national median home equity of $101,600. The 37061 zip code is also significantly lower than the Tennessee median home value of $183,700 and the Tennessee median home equity of $100,100.

There are several factors that may contribute to the low home values in the 37061 zip code. First, Erin is located in an economically depressed region of Tennessee. Second, there are a large number of vacant homes in the area which may be contributing to downward pressure on prices. Third, there has been a recent wave of foreclosures in this area which may be depressing prices even further. Finally, many homeowners in this zip code are underwater on their mortgages which may be preventing them from selling their homes at market value.