Lenoir City, TN is a great place for homeowners looking to invest in real estate. With a median housing value of $343,500, it is slightly higher than the US median house value of $338,100. However, this extra investment has been paying off with a 1 year appreciation rate of 20.45%, more than double the national average of 8.27%. This makes Lenoir City an ideal place for potential homeowners or property investors wanting to take advantage of this high rate of return.
The median home cost in Lenoir City is $343,500. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Lenoir City is up 24.9%.
Average Age of Homes
- The median age of Lenoir City real estate is 33 years old
The Rental Market in Lenoir City
- Renters make up 41.8% of the Lenoir City population
- 4.7% of houses and apartments in Lenoir City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.