Market Overview
Home Prices in Lenoir City, TN
The median home value in Lenoir City, TN is $422,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lenoir City are priced3% above average. Lenoir City is part of the Knoxville, TN metro area.
Over the past five years, Lenoir City home values have risen by approximately41.0%, reflecting strong long-term appreciation in this market.
Price History
Lenoir City Home Price Trend
City Comparison
Lenoir City vs. National Median
At $422,911, homes in Lenoir City cost 3% above the national median of $410,000. Buyers in Lenoir City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lenoir City?
20% Down Payment
$84,582
on $422,911
Monthly P&I
$2,206/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,802/mo
incl. taxes & insurance
Income Needed
$112,080
gross annual (30% rule)
10% Down Option
$42,291
+ PMI applies
Loan Amount (20% dn)
$338,329
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 City, TN?
The median home value in Lenoir City is $422,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Lenoir City?
Over the past year, home values in Lenoir City have increased by 2%. Over five years, prices have risen approximately 41.0%.
How much do I need to earn to buy a home in Lenoir City?
To comfortably afford the median home price of $422,911 with a 20% down payment ($84,582) at today's rates (6.8%), you'd need a gross annual income of approximately $112,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lenoir City compare to the national average home price?
The national median home value is approximately $410,000. At $422,911, homes in Lenoir City are 3% above the national average.
What metro area is Lenoir City part of?
Lenoir City is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.