37650, Erwin, TN

The 37650 zip code of Erwin, TN has a median home value of $128,000 and a median home equity of $104,000. This is significantly lower than the Tennessee statewide median home value of $225,800 and statewide median home equity of $142,700. The reason for this discrepancy may be due to the fact that the Erwin zip code is located in an economically depressed area of Tennessee. Additionally, many homes in this zip code are older and may not be in as good condition as newer homes.

Despite these factors, there are still a number of homeowners in the 37650 zip code who are able to use their home equity to finance other investments or pay down debt. Additionally, because there are so few new homes being built in this area, the average price per square foot for homes here is relatively high at $122. This means that even if you cannot afford to buy a house outright in the 37650 zip code, you may still be able to find a property that meets your needs at a reasonable price.