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Lenoir City, TN—37772

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$508,000
1.1% YoY Growth
Household Income
$95,200
40.5% YoY Growth
Days on Market
59
10.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,800
2.4% YoY Growth
1-Bed Rent
$1,600
N/A
2-Bed Rent
$1,550
4.8% YoY Growth
3-Bed Rent
$2,400
2.8% YoY Growth

Other Zip Codes in Lenoir City, TN

37771
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lenoir City, TN

As of May '26, the median home price in Lenoir City, TN is $508,000, with a year-over-year change of 1.1%. This indicates that home prices in Lenoir City, TN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$508,0001.1%
Single Family $512,0000.8%
Condos $461,0004.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$385,000-0.5%
    3 Bed
    		$505,0000.2%
    4 Bed
    		$667,0000.6%
    5 Bed $981,3080.7%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    2.4%
    2 Bedrooms
    15.3%
    3 Bedrooms
    56.5%
    4 Bedrooms
    22.3%
    5+ Bedrooms
    2.8%

    Rental Trends — Lenoir City, TN

    As of July '25, Rentcast reports the average rent in Lenoir City, TN is $2,070, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Lenoir City, TN is 1-bedrooms: $1,600, 2-bedrooms: $1,580, 3-bedrooms: $2,400, 4-bedrooms: $2,850. The most common rental property sizes in Lenoir City, TN are 3-bedroom and 2-bedroom, accounting for 47.4% and 28.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$2,070
    Studio Rent N/AN/A
    1 Bed Rent $1,600$1,600
    2 Bed Rent $1,550$1,580
    3 Bed Rent $2,400$2,400
    4 Bed Rent $2,800$2,850
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    % of Rental Stock

    Studio
    3.2%
    1 Bedroom
    9.2%
    2 Bedrooms
    28.6%
    3 Bedrooms
    47.4%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    5.1%

    Property Listings — Lenoir City, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Lenoir City, TN is 59. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$751,0001.0%
    Listing Count
    		104-13.0%
    Listings as % of Homes0.8%-13.0%
    Days on Market
    		59-10.0%
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    Demographics — Lenoir City, TN

    As of the latest ACS Survey released in 2023, Lenoir City, TN has a population of 14,200, which has increased by 14.7% over the past 5 years. Lenoir City, TN is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,20014.7%
    % Under 18
    		20.1%14.2%
    % Seniors
    		21.9%2.8%
    % WFH
    		15.3%88.9%
    % w/ College Degree
    		38.8%15.1%
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    As of the latest ACS Survey released in 2023, Lenoir City, TN is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Lenoir City, TN is hispanic, making up 7.1% of the population. Foreign-born residents account for 5.2% of the population in Lenoir City, TN, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.9%-2.7%
    % Black
    		1.5%400.0%
    % Hispanic
    		7.1%1.4%
    % Asian
    		1.2%-36.8%
    % Foreign Born
    		5.2%-20.0%
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    Mortgage and Risk — Lenoir City, TN

    According to HUD data as of 2023, there were 297 mortgage originations in Lenoir City, TN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium 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

    MetricZip Code Average
    Total Loan Originations
    		297
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Lenoir City, TN

    As of 2024, the percent of homes in Lenoir City, TN under the Section 8 program is 0.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lenoir City, TN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		0.4%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$150$1,600$1,450
    2 Bedroom$220$1,550$1,770
    3 Bedroom-$130$2,400$2,270
    4 Bedroom-$130$2,800$2,670

    Affordability — Lenoir City, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$508,000
    Median Household Income$95,200

    Lenoir City, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Farragut, TN

    37934

    Friendsville, TN

    37737

    Lenoir City, TN

    37771

    Greenback, TN

    37742

    Karns / Halls, Knoxville, TN

    37932

    Frequently Asked Questions