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Affordable
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These days, finding an affordable place to live in the Lenox area can be challenging. Home prices in Lenox are now at a median cost of $172,400, lower than the Tennessee average of $315,131.
The average cost of rent is $786/mo in Lenox, primarily driven by the current value of real estate in the Lenox area. In Lenox, 33.02% of households rent, and 52.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lenox is $6,501 per month. Households that rent pay about 12.09% of their income on rent here. Lenox’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mengelwood, TN: equally priced homes
- Finley, TN: equally priced homes
- Nauvoo, TN: higher priced homes
- Bogota, TN: equally priced homes
- Dyersburg, TN: equally priced homes
- Millsfield, TN: equally priced homes
- South Dyersburg, TN: less expensive homes
- Kinfolks Ridge, MO: equally priced homes
- Lane, TN: equally priced homes
- Maxey, TN: higher priced homes
Cities with Similar Populations
- Sheffield, TX: less expensive homes
- Mammoth, MO: equally priced homes
- Mannassa, MS: less expensive homes
- Schoenchen, KS: higher priced homes
- Scott, OK: less expensive homes
- Seneca, MI: equally priced homes
- Seven Stars, PA: higher priced homes
- Shandon, OH: higher priced homes
- Sharp, LA: less expensive homes
- Shaw Island, WA: higher priced homes
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