The story of this market
The typical home in Lenoir City, Tennessee sells for about $507,500, or $211 per square foot.
Prices are up +16.5% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,995 a month.
Monthly price momentum
Home values since 2015
-0.4%
TN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lenoir City, Tennessee
Lenoir City is experiencing a strong seller's market driven by rapid population growth and high demand for housing. Median home prices have seen significant year-over-year appreciation, supported by a low inventory of active listings. The city's strategic location near Knoxville continues to attract new residents, fueling ongoing development and economic momentum.
No ARED county foreclosure postings attributed to Lenoir City yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 55 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 96.86% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 17.0% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Housed in the historic 1890 Lenoir City Company office building, it preserves the city's industrial and pioneer history.
Provides significant recreational opportunities including boating and fishing, serving as a major natural amenity for the area.
Lenoir City is well-suited for family buyers and commuters seeking a suburban lifestyle with proximity to Knoxville, while also attracting investors drawn to the city's rapid population growth and development momentum.
Lenoir City is served by its own independent school district, Lenoir City Schools, which provides a localized educational environment for the community.
The city is positioned along major regional corridors providing access to Knoxville, facilitating a commuter-heavy profile for residents working in the metro area.
Lenoir City offers access to the Tennessee River, providing residents with water-based recreation, alongside local parks and historic sites like the Lenoir City Museum.
The rental market is characterized by a median rent of $1,995, with a relatively tight supply of approximately 21 active rental properties reported.
The local economy is supported by a mix of suburban services and proximity to the broader Knoxville industrial and commercial base, with significant momentum from recent residential expansion.
The city is experiencing significant population growth, with an annual rate exceeding 4%, driven by its proximity to the Knoxville metropolitan area and ongoing residential development.
Development activity is robust, with new residential construction accounting for a notable portion of the city's housing stock as it accommodates rapid population growth.
Parcels in Lenoir City are primarily served by the Lenoir City School District, with some areas falling under the jurisdiction of Loudon County school services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Tennessee) — Tennessee Property Tax Assessment: Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and MyTownView.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.