There are currently 11,682 real estate properties in Lenoir City, TN, with a median automated valuation model (AVM) price of $243,800.00. 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 City, TN, 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 City, TN, is $300,027.00, with the most expensive house in Lenoir City, TN, topping out at $5,343,200.00 and the cheapest home in Lenoir City, TN, clocking in at $26,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Lenoir City, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lenoir City, TN, is on a rollercoaster ride. The average rent price in Lenoir City, TN, is $1,395.00. Indeed, when looking to rent in Lenoir City, TN, you can expect to pay as little as $560.00 or as much as $3,260.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Lenoir City, TN -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lenoir City, TN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lenoir City, TN and much more. Save thousands at closing with home foreclosure listings in Lenoir City, TN — up to 75% off market value!
Lenoir City is located in Loudon, Tennessee, with an estimated municipal population of 9,324 residents. All of the best foreclosed homes for sale in Lenoir City are located in the following zip code areas on Foreclosure.com: 37771 37772. The estimated population per square kilometer (.62 miles) in Lenoir City is 428.
So, about how much do homes cost in Lenoir City? The most recent median value of resident-owned homes in Lenoir City is 134,650. An estimated 50.8 percent of households in Lenoir City own their homes, with an average family size of 3.41. The median household income in Lenoir City is 39,867, with11.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lenoir City, the median commute time of resident workers (in minutes) is 20.9. And last, but certainly not least, are you looking for homes to rent in Lenoir City? If so, the average rent price paid by renters in Lenoir City is 819, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lenoir City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lenoir City is 32.7, split between 42.4 percent male versus 57.6 female. The percentage of residents who report being married in Lenoir City is 43.7, with an average family size of 3.41.
The percentage of residents who report their race in Lenoir City is as follows:
|Black / African American||0.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Lenoir City? Or maybe you are searching for 55+ active adult communities in and/or near Lenoir City?
The percentage of residents who report their age in Lenoir City is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lenoir City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lenoir City.
How do you know that living in -- or moving to -- Lenoir City is right where you need to be? Perhaps you grew up in Lenoir City or already live nearby; therefore, the decision to buy a home in Lenoir City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lenoir City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lenoir City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lenoir City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lenoir City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lenoir City, meanwhile, can field multiple offers from more qualified buyers.
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