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Lenoir

Learn about the people, housing, costs and businesses in Lenoir, North Carolina

Median Home$175,510
Median Rent$688/month
Population18,726
Leading IndustriesTransportation · Retail · Education4% transportation
Home Value Growth⬆⬆+15.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners68% of occupied units
NotableAmenity Score67/100 · highly walkable area
Lenoir
NC

Frequently Asked Questions

What are today's mortgage rates in Lenoir?

As of today, the 30-year fixed mortgage rate for Lenoir is approximately 7.060% (7.101% 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 $176k. The median monthly rent is $688. Annual property taxes average $1k. 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 15.0% 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 $665/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lenoir is $55k/year.

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What industries drive the economy in Lenoir?

The largest employment sectors in Lenoir are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.