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Banner Hill Home for Sale

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    $79,000

    • Land
    • 7.86 Acres
    • $10,051 per Acre

    Lot 4 Bailey Hollow Rd, Erwin, TN 37650

    Looking to build a weekend getaway in the mountains of Beautiful East Tennessee, or hunting cabin, or a private mountain retreat/retirement home? This 7.86-acre, wooded parcel is just outside the city limits of Erwin, TN, offering the best of both worlds—secluded mountain living while being minutes from Downtown! A small stream runs along the road frontage, and the property already includes a

    Samantha Hauser Greater Impact Realty Erwin

    Lot 4 Bailey Hollow Rd, Erwin, TN 37650

Why Live in Banner Hill

Banner Hill, located on the south side of Erwin, is a suburban neighborhood that gradually becomes more dispersed as it extends toward the mountains. The area features a mix of 20th-century homes and newer constructions from the past 25 years, with ranch-style homes being the most common. Properties typically sit on quarter- to half-acre lots, providing ample space for backyard gardens and mountain views. Residents enjoy the absence of city taxes, paying only country taxes. Outdoor enthusiasts will find plenty of things to do, with Martin’s Creek Trail offering a 2.5-mile hike to a waterfall, and the nearby Appalachian Trail accessible from Chestoa Recreation Area. Unaka Bike Park and guided whitewater rafting trips along the Nolichucky River add to the recreational options. In town, Veterans Memorial Park and the Unicoi County Family YMCA provide additional amenities. Dining options include the locally owned Dari Ace, Cowboy’s Rendezvous Bar, and Union Street Taproom. The walkable South Main Avenue features local shops, cafes, and bakeries. Seasonal events such as the Christmas parade, Unicoi County Apple Festival, and First Fridays bring the community together. Interstate 26, located a mile west, connects residents to Johnson City 18 miles north and Asheville 44 miles south. While Banner Hill lacks public transportation, it offers a car-dependent lifestyle. Schools in the area include Love Chapel Elementary, Unicoi County Middle School, and Unicoi County High School, which offers Career and Technical Education pathways.

Frequently Asked Questions

Is Banner Hill a good place to live?
Banner Hill is a good place to live. Banner Hill is considered very car-dependent and somewhat bikeable. Banner Hill is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Banner Hill has 6 parks for recreational activities. It is sparse in population with 2.0 people per acre and a median age of 49. The average household income is $71,382 which is below the national average. College graduates make up 8.5% of residents. A majority of residents in Banner Hill are home owners, with 25% of residents renting and 75% of residents owning their home. A local real estate agent serving Banner Hill can help you decide if this neighborhood is the right one for you. Learn more on our Banner Hill neighborhood guide.
Is Banner Hill, TN a safe neighborhood?
Banner Hill, TN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Banner Hill?
The median home price in Banner Hill is $259,500. If you put a 20% down payment of $51,900 and had a 30-year fixed mortgage with an interest rate of 6.47%, your estimated principal and interest payment would be $1,310 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $56K a year to afford the median home price in Banner Hill. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Banner Hill is $71K.
What are the best public schools in Banner Hill?
The best public schools that serve Banner Hill are:
What are the most popular zip codes in Banner Hill, Erwin, TN?
The most popular zip codes in Banner Hill, Erwin, TN include 37650, 37659, 37692, 28705 and 28740.
What are the most popular neighborhoods near Banner Hill, Erwin, TN?
The most popular neighborhoods near Banner Hill, Erwin, TN are Cherokee, Telford, South Side Johnson City, West Davis Park and Gump Addition-Carnegie.

Banner Hill Home Prices vs. Nearby Erwin, TN Neighborhoods

Banner Hill Orebank Mooresburg Telford
Median Home Price
$259,500
$214,950
$299,900
$315,000
Median Sale Price
$215,000
+19% YoY
$215,000
+30% YoY
$327,000
+38% YoY
$267,000
+24% YoY
Median Single Family Price
$215,000
$205,000
$272,000
$282,500
Total Active Listings
0
3
5
2
Market Conditions
0 Months
Seller's Market
2 Months
Seller's Market
6 Months
Balanced Market
1 Months
Seller's Market
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