Lenoir City, TN housing market
Typical home value
$419K
▲ 2.4% 1 yr
Typical rent
$1,828/mo
▲ 5.4% 1 yr
Gross rent yield
5.2%
U.S. 6.3%
5-year home value change
+36%
U.S. +20%
Key takeaways
- 1The typical home in Lenoir City is worth $418,869, up 2.4% over the past year and up 36% over five years.
- 2Typical rent is $1,828 a month (+5.4% YoY), a gross rent yield of 5.2% (below the Knoxville, TN metro's 5.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,302/mo, $474 more than typical rent.
- 4Zillow forecasts the Knoxville, TN metro's home values to change +2.1% over the next 12 months.
Market temperature (Knoxville, TN metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 30/100, #437 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Lenoir City compares
| Measure | Lenoir City | Knoxville, TN metro | United States |
|---|---|---|---|
| Typical home value | $418,869 | $363,018 | $366,157 |
| Home value, 1-yr change | +2.4% | +1.9% | +1.2% |
| Typical rent | $1,828 | $1,725 | $1,932 |
| Rent, 1-yr change | +5.4% | +1.4% | +2.7% |
| Gross rent yield | 5.2% | 5.7% | 6.3% |
| Price-to-rent ratio | 19.1 | 17.5 | 15.8 |
| Mortgage P&I, typical home | $2,302 | $1,995 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Lenoir City rental, pre-filled.
Rent vs buy in Lenoir City
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $419K home.
Other cities in the Knoxville, TN metro
Knoxville, TN
$369K home$1,701 rent
▲ 1.0% 1 yr
Maryville, TN
$393K home$1,890 rent
▲ 2.6% 1 yr
Oak Ridge, TN
$325K home$1,622 rent
▲ 1.7% 1 yr
Farragut, TN
$689K home$1,940 rent
▲ 1.7% 1 yr
Alcoa, TN
$320K home$1,695 rent
▲ 2.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.