Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$150,169+5.3% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$32,554About 0.6× the local median income ($52,084): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lenoir County, NC is worth $150,169, up 5.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $122,601, so the area is 22.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 78 days to sell, listings are up 46% from a year ago, 22% of listings have had a price cut. A household needs about $32,554 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $52,084. Typical rent is $1,214 a month. In the latest IRS figures, 460 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$150,169
Change in 1 year
+5.3%
Overvalued %
+22.5%
Show 6 more
Fair home value
$122,601
Change in 5 years
+45.3%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$814
Income needed to afford it
$32,554
Property tax rate
0.84%
Rent and investing
Typical rent
$1,214
Price-to-rent ratio
10.3×
HUD Fair Market Rent, 2 bedrooms
$1,012
Show 2 more
Gross rental yield
9.70%
Cap rate (estimate)
6.31%
Market activity
Listings vs a year ago
+45.8%
Days on market
78
Listings with a price cut
22.5%
Show 3 more
Homes for sale
191
Pending sales per 100 listings
28
Asking price per sq ft
$133
People and jobs
Median household income
$52,084
Population change (1 year)
+0.7%
Unemployment rate
9.0%
Show 4 more
Population
55,837
Income adjusted for cost of living
$58,919
Net moves in (IRS)
+460
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
3.8
FEMA hazard risk score (0 to 100)
84.6
Unhealthy air days a year
0
Show 4 more
Flood risk score
79.1
Wildfire risk score
33.7
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Lenoir County, NC overvalued?
Home prices in Lenoir County, NC are well above what local incomes have historically supported: fair value is about $122,601, so the area is 22.5% overvalued.
Is Lenoir County, NC a buyer's or seller's market?
Lenoir County, NC is a balanced market, leaning toward buyers: homes take about 78 days to sell, listings are up 46% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Lenoir County, NC?
Home values in Lenoir County, NC are up 5.3% over the last year.
How much do you need to earn to buy a home in Lenoir County, NC?
A household needs about $32,554 a year to afford the typical home in Lenoir County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $52,084.