Lenoir County, North Carolina Housing Market Prices
Lenoir County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 49% below the North Carolina median Cheaper than 71% of counties in North Carolina$142,404
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Median rent 30% below the North Carolina median$860
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lenoir County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,404 | $278,288 | $248,835 |
| Price Trend (Annual %) | 14.5% | 9.3% | 7.5% |
| Median Gross Rent | $860 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lenoir County is about 49% lower than in North Carolina. Rent is about 30% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lenoir County, up about 14.5% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Lenoir County rose about 28.9% between 2015 and 2024, from $667 to $860. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Lenoir County.
Buying the median-priced home in Lenoir County costs roughly 13.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lenoir County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Lenoir County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,404 | $278,288 | $248,835 |
| Median Household Income | $45,135 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lenoir County rose about 155.8%, while median household income rose about 33.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lenoir County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.4% | 58.3% | 58.5% |
| Rental Rate | 35.4% | 29.2% | 31.2% |
| Vacancy Rate | 13.1% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Lenoir County has a homeownership rate of 51.4%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 13.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Lenoir County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Lenoir County was built around 1980. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Lenoir County, NC Housing Compared With Nearby Counties
Lenoir County, NC is the 3rd largest of the 5 counties compared here, 54,882 residents against a local median of 83,961. Lenoir County, NC sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is homeownership, 7% below the local median at 59.2% against 64.0%. Lenoir County, NC has the 4th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lenoir County, NC | 54,882 | $142,404 #3/5 | $860 #4/5 | 59.2% #4/5 |
| Greene County, NC | 20,465 | $180,242 | $852 | 66.5% |
| Wayne County, NC | 118,630 | $34,399 | $964 | 61.5% |
| Duplin County, NC | 49,292 | $96,951 | $864 | 70.3% |
| Pitt County, NC | 177,193 | $249,582 | $993 | 51.4% |
Frequently Asked Questions
Common questions about the housing market in Lenoir County, North Carolina.
What is the median home price in Lenoir County, North Carolina?
The median home price in Lenoir County, North Carolina is $142,404, lower than the North Carolina average of $278,288.
What is the average home price in Lenoir County, North Carolina?
The typical home price in Lenoir County, North Carolina, reported as the median sale price, is $142,404. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lenoir County, North Carolina?
The median gross rent in Lenoir County, North Carolina is $860 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Lenoir County in 2020?
In 2020, the median gross rent in Lenoir County, North Carolina was $707 per month.
What is the price-to-rent ratio in Lenoir County, North Carolina?
The price-to-rent ratio in Lenoir County, North Carolina is about 13.8, meaning it would take roughly 13.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lenoir County.
Are home prices or rent rising faster in Lenoir County, North Carolina?
Both home prices and rent are rising in Lenoir County, up about 14.5% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lenoir County, North Carolina?
51.4% of households in Lenoir County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Lenoir County, North Carolina?
The housing vacancy rate in Lenoir County, North Carolina is 13.1%, higher than the North Carolina average of 12.5%.
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