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Lenoir

Learn about the people, housing, costs and businesses in Lenoir, Tennessee

Median Home$242,721
Median Rent$1,059/month
Population11,158
Leading IndustriesEducation · Healthcare · Wholesale Trade3% education
Home Value Growth⬆⬆⬆+32.2% over 2 years
Young Adults26% of residents
Homeowners68% of occupied units
NotableAmenity Score70/100 · highly walkable area
Lenoir City
TN

Frequently Asked Questions

What are today's mortgage rates in Lenoir?

As of today, the 30-year fixed mortgage rate for Lenoir is approximately 6.882% (6.918% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lenoir?

The median home value in Lenoir is $243k. The median monthly rent is $1,059. Annual property taxes average $924. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lenoir?

Home values in Lenoir have increased 32.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lenoir?

Based on a typical all-in ownership cost of $998/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lenoir is $72k/year.

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What industries drive the economy in Lenoir?

The largest employment sectors in Lenoir are public administration (15%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.