The housing market in 37771 Lenoir City, TN is currently strong. According to the content provided, the median value of homes in Lenoir City is $258,800, which is significantly lower than the US median value of $338,100. Despite this difference, the one year house appreciation rate in Lenoir City is much higher than the US average at 20.45%, compared to 8.27%. This indicates that now may be a good time to invest in real estate in Lenoir City if you are looking for an appreciating asset.
The median home cost in Lenoir City (zip 37771) is $258,800. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Lenoir City (zip 37771) is up 24.9%.
Average Age of Homes
- The median age of Lenoir City (zip 37771) real estate is 32 years old
The Rental Market in Lenoir City (zip 37771)
- Renters make up 30.5% of the Lenoir City (zip 37771) population
- 2.2% of houses and apartments in Lenoir City (zip 37771), 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.