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Featured local agent — Lenoir City, TN
Sarah Mitchell
Compass Real Estate · Lenoir City, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lenoir City, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$470,900median sale price
How is the Lenoir City, TN housing market right now?
The median home sale price in Lenoir City, TN is $470,900, up 16.9% year-over-year. Homes sell in an average of 64 days with 79 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lenoir City a buyer's or seller's market?
Lenoir City, TN is currently a leaning buyer's, based on 4.6 months of supply and homes selling in about 64 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
64
Average pace
Active listings
79
4.6 months supply
Sale-to-list
98.8%
Below asking
What does the Lenoir City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $470,900 |
| Median list price | $603,750 |
| Year-over-year price change | +16.9% |
| Average days on market | 64 days |
| Active inventory | 79 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $216/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 27 |
| Listings with a price cut | 19.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lenoir City by property type?
How the Lenoir City, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $500,000 | $207/sq ft | 15 | 69 days |
| Condo / Co-op | $319,000 | $219/sq ft | 2 | 42 days |
| Townhouse | $315,000 | $212/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Lenoir City housing market is currently classified as a leaning buyer's with a median sale price of $470,900. Prices have risen 16.9% compared to last year, with homes spending an average of 64 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.0x provides context for how home values compare to local earning capacity.
Homes for sale in Lenoir City
There are currently 79 homes listed for sale in Lenoir City, Tennessee. The median listing price is $604K.
Active listings
79
Homes on market
Median list price
$604K
Avg. days on market
64
Days until sale
New this week
27
Newly listed
Who lives in Lenoir City?
Population
10,681
Median income
$60,480/yr
Median age
38.4 years
Owner-occupied
62.5%
College grads
19.9%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Lenoir City?
Zillow home value
$422,911
Zillow rent index
$1,732/mo
Price-to-rent ratio
20.4x
Price-to-income
7.0x
Source: Zillow Research
What is it like to live in Lenoir City?
Lenoir City is a community of approximately 11K residents with a median age of 38.4 years.The median household income is $60,480, which represents a working-class community with solid middle-income opportunities. 19.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.5%, showing a blend of owner and renter-occupied properties. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lenoir City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lenoir City?
7 schools tracked · 4,393 students
The largest public schools serving Lenoir City, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lenoir City High School
Grades 9-12 · 1,233 students
North Middle School
Grades 5-8 · 750 students
Lenoir City Intermediate/Middle School
Grades 4-8 · 687 students
Eaton Elementary
Grades PK-4 · 649 students
Lenoir City Elementary
Grades PK-3 · 596 students
Highland Park Elementary
Grades PK-4 · 388 students
The iLearn Institute at Lenoir City Schools
Grades K-12 · 90 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lenoir City, TN?
Want a head-to-head view? Compare Lenoir City side-by-side with any other U.S. city using our market-comparison tool.
Is Lenoir City a good real estate investment market?
For investors evaluating Lenoir City, the price-to-rent ratio of 20.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 16.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lenoir City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lenoir City's median home price.
Frequently asked questions
What is the average home price in Lenoir City?
The median home sale price in Lenoir City is $470,900, up 16.9% from last year.
How long do homes stay on market in Lenoir City?
Homes typically spend 64 days on market before going under contract.
What is the median income in Lenoir City?
The median household income is $60,480 per year.
Is Lenoir City a buyer's or seller's market?
With 4.6 months of supply, Lenoir City is currently a leaning buyer's.
What is the Zillow home value estimate for Lenoir City?
The Zillow Home Value Index (ZHVI) for Lenoir City is $422,911, representing the typical home value in the area.
What is the median condo price in Lenoir City?
The median condo/co-op sale price in Lenoir City, TN is $319,000, compared to $500,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lenoir City?
The median single-family home price in Lenoir City, TN is $500,000 (about $207 per square foot).
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