Lenoir City, TN—37771
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lenoir City, TN
Home Price Trends — Lenoir City, TN
As of Oct '25, the median home price in Lenoir City, TN is $322,000, with a year-over-year change of 0.4%. This indicates that home prices in Lenoir City, TN are flat. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 0.4% |
| Single Family | $324,000 | 0.6% |
| Condos | $319,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | 1.6% |
3 Bed | $356,000 | 1.1% |
4 Bed | $502,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lenoir City, TN
As of July '25, Rentcast reports the average rent in Lenoir City, TN is $1,950, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Lenoir City, TN is studios: $1,230, 2-bedrooms: $1,590, 3-bedrooms: $2,010, 4-bedrooms: $2,520. The most common rental property sizes in Lenoir City, TN are 3-bedroom and 2-bedroom, accounting for 47.6% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,950 |
| Studio Rent | $1,230 | $1,230 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,590 |
| 3 Bed Rent | $2,000 | $2,010 |
| 4 Bed Rent | $2,150 | $2,520 |
% of Rental Stock
Property Listings — Lenoir City, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lenoir City, TN is 69. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $533,000 | 9.0% |
Listing Count | 121 | 32.0% |
| Listings as % of Homes | 0.6% | 32.0% |
Days on Market | 69 | 12.0% |
Demographics — Lenoir City, TN
As of the latest ACS Survey released in 2023, Lenoir City, TN has a population of 17,800, which has increased by 3.2% over the past 5 years. Lenoir City, TN is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 3.2% |
% Under 18 | 21.0% | -20.5% |
% Seniors | 20.5% | 28.1% |
% WFH | 9.0% | 328.6% |
% w/ College Degree | 19.2% | 23.1% |
As of the latest ACS Survey released in 2023, Lenoir City, TN is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Lenoir City, TN is hispanic, making up 15.0% of the population. Foreign-born residents account for 6.6% of the population in Lenoir City, TN, and this percentage has decreased by 27.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | -1.1% |
% Black | 1.1% | 57.1% |
% Hispanic | 15.0% | 17.2% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 6.6% | -27.5% |
Mortgage and Risk — Lenoir City, TN
According to HUD data as of 2023, there were 417 mortgage originations in Lenoir City, TN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lenoir City, TN. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 417 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Lenoir City, TN
Lenoir City, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 341 |
Total Units Section 8 | 202 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | -$420 | $1,800 | $1,380 |
| 3 Bedroom | -$220 | $2,000 | $1,780 |
| 4 Bedroom | -$50 | $2,150 | $2,100 |
Affordability — Lenoir City, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $322,000 |
| Median Household Income | $62,300 |