Lenoir City, TN—37772
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 Nov '25, the median home price in Lenoir City, TN is $492,000, with a year-over-year change of 1.9%. This indicates that home prices in Lenoir City, TN are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $492,000 | 1.9% |
| Single Family | $495,000 | 1.6% |
| Condos | $450,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $358,000 | -0.3% |
3 Bed | $492,000 | 1.4% |
4 Bed | $655,000 | 1.2% |
| 5 Bed | $993,045 | 2.6% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,070 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Lenoir City, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Lenoir City, TN is 65. This is a increase of 11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $657,000 | 0.0% |
Listing Count | 84 | -15.0% |
| Listings as % of Homes | 0.8% | -15.0% |
Days on Market | 65 | 11.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | 14.7% |
% Under 18 | 20.1% | 14.2% |
% Seniors | 21.9% | 2.8% |
% WFH | 15.3% | 88.9% |
% w/ College Degree | 38.8% | 15.1% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $492,000 |
| Median Household Income | $95,200 |