Market Overview
Home Prices in Lenoir, NC
The median home value in Lenoir, NC is $219,652 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lenoir are priced46% below average. Lenoir is part of the Hickory-Lenoir-Morganton, NC metro area.
Over the past five years, Lenoir home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Lenoir Home Price Trend
City Comparison
Lenoir vs. National Median
At $219,652, homes in Lenoir cost 46% below the national median of $410,000. This makes Lenoir a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lenoir?
20% Down Payment
$43,930
on $219,652
Monthly P&I
$1,146/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,455/mo
incl. taxes & insurance
Income Needed
$58,200
gross annual (30% rule)
10% Down Option
$21,965
+ PMI applies
Loan Amount (20% dn)
$175,722
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lenoir, NC?
The median home value in Lenoir is $219,652 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Lenoir?
Over the past year, home values in Lenoir have increased by 1.4%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Lenoir?
To comfortably afford the median home price of $219,652 with a 20% down payment ($43,930) at today's rates (6.8%), you'd need a gross annual income of approximately $58,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Lenoir compare to the national average home price?
The national median home value is approximately $410,000. At $219,652, homes in Lenoir are 46% below the national average.
What metro area is Lenoir part of?
Lenoir is part of the Hickory-Lenoir-Morganton, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.