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Affordable
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These days, finding an affordable place to live in the Lenoir City area can be challenging. Home prices in Lenoir City are now at a median cost of $336,165, higher than the Tennessee average of $315,131.
The average cost of rent is $1,162/mo in Lenoir City, primarily driven by the current value of real estate in the Lenoir City area. In Lenoir City, 23.19% of households rent, and 40.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lenoir City is $7,202 per month. Households that rent pay about 16.14% of their income on rent here. Lenoir City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pine Grove, TN: equally priced homes
- Glendale, TN: equally priced homes
- Poplar Springs, TN: higher priced homes
- Farragut, TN: higher priced homes
- Loudon, TN: less expensive homes
- Fochee, TN: equally priced homes
- Dogwood, TN: equally priced homes
- Friendsville, TN: less expensive homes
- Bradbury, TN: equally priced homes
- Jonesville, TN: equally priced homes
Cities with Similar Populations
- Reedley, CA: equally priced homes
- Millsboro, DE: equally priced homes
- Millville, NJ: less expensive homes
- Milton, MA: higher priced homes
- Mint Hill, NC: higher priced homes
- Moultrie, GA: less expensive homes
- Plainview, NY: higher priced homes
- Pooler, GA: equally priced homes
- Rahway, NJ: higher priced homes
- Randallstown, MD: equally priced homes
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