There are currently 19,696 real estate properties in Lenoir, NC, with a median automated valuation model (AVM) price of $198,326.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lenoir, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lenoir, NC, is $241,552.00, with the most expensive house in Lenoir, NC, topping out at $9,392,955.00 and the cheapest home in Lenoir, NC, clocking in at $8,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lenoir, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lenoir, NC, is on a rollercoaster ride. The average rent price in Lenoir, NC, is $1,068.00. Indeed, when looking to rent in Lenoir, NC, you can expect to pay as little as $460.00 or as much as $2,700.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Lenoir, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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