Commercial Real Estate Market in Erwin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 338 off-market properties in Erwin, TN. Commercial property asks $22/SF to buy and $14.40/SF/Yr to lease.
Market Trends
Erwin, TN spans 97.0 square miles in Unicoi County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Erwin, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Erwin, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Erwin, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Erwin, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.1%
- Industrial 22.4%
- Commercial 17.5%
Largest Zones share of zoned land by district
Low Density Residential
Industrial
Arterial Business
Medium Density Residential
High Density Residential
Erwin, TN zones 2,671 acres across 11 districts. Commercial zoning covers 17.5% of zoned land, residential 60.1% and industrial 22.4%. The largest single district is Low Density Residential at 46.6%. For commercial buyers the practical constraint is that only 39.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Erwin, TN has 12,329 residents in 6,352 households. Density runs 127 people per square mile. Median household income here is $49,671 and median gross rent $636 a month.
12,329
Population
6,352
Households
1.9
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
97 sq mi
ZIP Area
127
Density / Sq Mi
$49,671
Median Household Income
$37,500
Median Earnings
$636
Median Rent
$156,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Unicoi | — | — |
| Telford | — | — |
| Jonesborough | — | $16.08 |
| Mtn Home | — | — |
Commercial property in Erwin, TN asks $22/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Erwin?
Commercial property in Erwin, TN asks an average of $22 per square foot. The 5 most recent recorded sales traded at a median of $103/SF.
How much does it cost to lease commercial space in Erwin?
Asking lease rates in Erwin, TN average $14.40 per square foot per year.
What zoning applies to commercial property in Erwin?
Erwin, TN zones 2,671 acres across 11 districts, of which 17.5% is commercial and 22.4% industrial. The largest single district is Low Density Residential at 46.6% of zoned land. Residential zoning covers 60.1% and open space 0%.
Where does Realmo's Erwin market data come from?
Realmo compiles Erwin, TN figures from 5 recent recorded sales, 32 active sale listings, 1 active lease listings, 338 tracked off-market properties, the current Erwin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 1 active for-lease listings in Erwin, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,671 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
