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City · 11,110 residents · Loudon County, Tennessee

Lenoir City , Tennessee

In Lenoir City, a typical home is worth $252,400 and typical rent is $932 a month. Compared with all of Loudon County, the typical home value is 27% lower, typical household income is 20% lower, and the share of households that own their home is 17 points lower.

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  • Typical home value

    $252,400

    27% below the county

    12% below Tennessee

    • Lenoir City
    • Loudon
    • Tennessee

  • Typical rent

    $932a month

    12% below the county

    22% below Tennessee

    • Lenoir City
    • Loudon
    • Tennessee

  • Typical household income

    $67,259a year

    20% below the county

    3% below Tennessee

    • Lenoir City
    • Loudon
    • Tennessee

  • Households that own their home

    64%

    17 points below the county

    3 points below Tennessee

    • Lenoir City
    • Loudon
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$418,869
2.4% more than 12 months ago
Typical rent
$1,828 a month
5.4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lenoir City is in Loudon County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Loudon County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lenoir City apart

What this place has that others do not, from public data, most unusual first.

  1. 64% of households in Lenoir City own their home, against 80% in Loudon County.

  2. Nearby, in Kingston, the typical rent is $716: 23% less than in Lenoir City ($932).

  3. The typical home in Lenoir City is worth $252,400, 27% less than in Loudon County as a whole ($348,000).

  4. The typical household income in Lenoir City is $67,259, 20% less than in Loudon County as a whole ($84,185).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lenoir City

What homes there are in Lenoir City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Lenoir City, 7 in 10 homes are single-family detached houses; in Loudon County, 8.

Year built

The typical home in Lenoir City was built in 1983, 9 years before the typical one in Loudon County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Lenoir City sit under the FHA limit for Loudon County ($541,287): about 89%.

Monthly rent with utilities

With a mortgage

$1,398 a month

Loudon County: $1,525 a month

Without a mortgage

$368 a month

Loudon County: $445 a month

Owners with a mortgage

66%

Loudon County: 55%

In Lenoir City, 66% of owners have a mortgage, and their typical cost is $1,398 a month, against $1,525 in Loudon County. Without one it drops to $368.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Lenoir City gained value faster than in Loudon County: 101% against 56%.

Rent in Lenoir City moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLenoir CityLoudon CountyTennesseeUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.5%2.2%3.4%
People per household 2.442.422.452.53
Drive alone 79%80%76%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home 12%12%13%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Lenoir City has 2.44 people on average, about the same as in Loudon County (2.42).

To get to work, 79% of workers in Lenoir City drive alone; in Loudon County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lenoir City?

A typical home is tight for the typical income

We start with a typical home in Lenoir City, worth $252,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Lenoir City, which is $67,259 a year. For that payment to be 28% of income, a household would need to earn about $85,119 a year.

The calculator's FHA and conventional loan limits are those of all of Loudon County.

Your numbers

Local data
$

Starts at the typical home value in Lenoir City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,834 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,986

at 7.18% · 30 years

Loan amount
$247,828
Total interest
$356,567
Paid off in
November 2056

Includes $4,262 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,569 a month

  • Tight

    $1,569 to $2,018 a month

    Your payment · 35%

  • Hard

    more than $2,018 a month

Compared with the typical household income in Lenoir City ($67,259 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,986
Principal & interest$1,679
Property tax$90
Home insurance$105
FHA mortgage insurance (MIP)$112

You need at least $8,834 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lenoir City and Loudon County

Lenoir City is in Loudon County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lenoir City's own numbers

Typical home value
$252,400
Typical monthly rent
$932
Typical yearly household income
$67,259
Households that own their home
64%
Effective property tax rate
0.43%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Loudon County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,475
Price change over 5 years (FHFA)
+77%
Homes in a high flood-risk zone
0.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Loudon County.

Everything about Loudon County

Buying

Buying a home in Lenoir City

A typical home in Lenoir City is worth $252,400: 27% below the county and 12% below Tennessee. With the typical household income in Lenoir City ($67,259 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lenoir City 3.8 years
  • Loudon 4.1 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Loudon County

According to FHFA’s house price index, home prices in Loudon County rose 128% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Loudon County.

Period County Tennessee U.S.
Last year (2025) +1.6% +2.4% +2.9%
5 years (2020–2025) +77% +60% +47%
10 years (2015–2025) +128% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lenoir City next to Loudon County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lenoir City $252,400
  • Loudon $348,000
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Lenoir City $932
  • Loudon $1,062
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Lenoir City $67,259
  • Loudon $84,185
  • Tennessee $69,595
  • United States $80,734
See the full table
Lenoir City next to Loudon County and Tennessee
Measure Lenoir City Loudon County Tennessee U.S.
Typical home value $252,400 $348,000 $286,700 $332,700
Typical monthly rent $932 $1,062 $1,189 $1,413
Typical yearly household income $67,259 $84,185 $69,595 $80,734
Households that own their home 64% 80% 67% 65%
Typical yearly property tax $1,074 $1,162 $1,442 $3,119
Effective property tax rate 0.43% 0.33% 0.5% 0.94%
Renters with high rent for their income 54% 43% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Loudon County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lenoir City

For a typical $252,400 home in Lenoir City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lenoir City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,986a month

    Least cash to close
    Down payment
    $8,834
    Cash to close
    $16,406
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $112

  • Conventional, 5% down $1,940a month

    Down payment
    $12,620
    Cash to close
    $20,192
    Rate
    7.18%
    Mortgage insurance
    PMI · $120

  • Conventional, 20% down, no PMI $1,563a month

    Down payment
    $50,480
    Cash to close
    $58,052
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,797a month

    Down payment
    $37,860
    Cash to close
    $45,432
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lenoir City and for Loudon County.

Property tax

Effective rate in Lenoir City

0.43%of the home’s value each year

$1,074 a year for the typical owner in Lenoir City.

  • Lenoir City 0.43%
  • Loudon 0.33%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Loudon County

FEMA does not publish these numbers by city: they are for all of Loudon County.

Homes in the high-risk zone
0.7%
161
Of those, with NFIP insurance
13%
County Tennessee U.S.
Homes in the high-risk zone 0.7% 1.6% 3.5%
Of those, with NFIP insurance 13% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lenoir City

Typical rent in Lenoir City is $932 a month: 12% below the county. In Lenoir City, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Loudon County, by unit size. To pay the 2-bedroom one ($1,475 a month) without spending more than 30% of your income, you would need to earn $28.37 an hour working full time.

HUD fair market rent for all of Loudon County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,171 $22.52 $46,840
1 bedroom $1,178 $22.65 $47,120
2 bedrooms $1,475 $28.37 $59,000
3 bedrooms $1,844 $35.46 $73,760
4 bedrooms $2,122 $40.81 $84,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lenoir City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lenoir City is in ZIP code 37771.

For 2 bedrooms it is $1,280: $195 less than the fair market rent for Loudon County ($1,475).

  • 37771 $1,280$1,600

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lenoir City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lenoir City

HUD lists 6 buildings with rents for lower incomes in Lenoir City. These are the largest.

  • Sunset Hills 220 Jim Hartsook Dr, Lenoir City 37771 138 low-income homes · Run by Lenoir City Housing Authority · Average payment: $424 a month · Average wait: 11 months (865) 986-8707
  • McGhee Square 225 Kelly Ln, Lenoir City 37771 110 homes, 108 low-income · For families (865) 986-6955
  • Town Creek Village 171 Cory Dr, Lenoir City 37771 96 low-income homes · 2 bd: 52 · 3 bd: 44 · In service since 2010 · For people with disabilities, families
  • Springplace Apartments 304 Locust St, Lenoir City 37771 72 low-income homes · In service since 2019 · For older adults (865) 986-6651
  • Hines Valley Apts RT 2 Hines Valley RD, Lenoir City 37771 23 low-income homes · 1 bd: 8 · 2 bd: 15 · In service since 1990

See all 11 buildings in Loudon County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lenoir City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Loudon County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Lenoir City

No down payment, repair or rent-help program on our list is for Lenoir City or Loudon County. The ones below are statewide in Tennessee: they work in Lenoir City the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Lenoir City

The HUD-approved agencies closest to the center of Lenoir City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • University of Tennessee Extension Office

    2621 Morgan Cir, Knoxville · 21 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 2 more
    (865) 974-7349

  • KNOX HOUSING PARTNERSHIP, INCORPORATED dba HOMESOURCE EAST TENNESSEE

    109 Winona St, Knoxville · 24 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (865) 637-1679

  • Knoxville Area Urban League

    1514 E 5th Ave, Knoxville · 24 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (865) 524-5511

All counseling agencies in Tennessee

Help in Spanish near Lenoir City

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lenoir City

HUD’s record names them for Lenoir City or Loudon County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Loudon County: see the list Source: HUD

Cities

Other cities in Loudon County

These cities are also in Loudon County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Loudon County Housing in Tennessee

Nearby cities

The cities closest to Lenoir City, with the typical home value.

Neighboring counties

If Loudon County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lenoir City.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Lenoir City

Short answers with the numbers for Lenoir City and all of Loudon County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lenoir City?

The typical home value in Lenoir City is $252,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Loudon County it is $348,000.

How much does it cost to rent in Lenoir City?

Typical rent in Lenoir City is $932 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Loudon County is $1,475.

What is the FHA loan limit in Lenoir City?

Lenoir City uses the FHA limit for all of Loudon County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lenoir City?

The typical homeowner in Lenoir City pays $1,074 a year, according to the U.S. Census Bureau. That is 0.43% of the home’s value; in Loudon County, the rate is 0.33%.

Where can I find free help to buy or rent in Lenoir City?

We found no HUD-approved counseling agencies with an office in Loudon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).