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 Type | 0.20% |
| One Bedroom | 10.20% |
| Two Bedrooms | 44.90% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 6.90% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $64,800 |
| Median Price asked for vacant units | $74,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $436 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 47.10% |
| Debt Free | 42.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
