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Lenoir City, TN Real Estate


According to census data in the year 2000 there were 3,300 housing units in Lenoir City. This represents a 20.7% growth from 2,734 in 1990.

Of those housing units, 3,262 were located in either urbanized areas or urban clusters, and 38 were located in what is classified as a rural area.

Homeownership rate in Lenoir City is about 60.8%. Lenoir City's vacancy rate, including seasonal lodging, is about 9.8%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Lenoir City were built after 1966.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom10.20%
Two Bedrooms44.90%
Three Bedrooms35.30%
Four Bedrooms6.90%
Five Bedrooms or more2.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1959
Median Value of occupied units$64,800
Median Price asked for vacant units$74,100

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1973
Median Monthly Rent asked for vacant units$436

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.40%
Home Equity Loan4.10%
Simple Mortgage47.10%
Debt Free42.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%