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Lenoir County, NC

RANK #422 / 996  ·  POP 55,071  ·  NC

PROJECTED GROWTH: +1.0%

Lenoir County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Lenoir County?

Lenoir County, North Carolina, is perhaps best known for Kinston, its county seat, a city with a notable Civil War history, including the CSS Neuse, a recovered Confederate ironclad gunboat available for tours. Located in the Coastal Plain region of eastern North Carolina, Lenoir County is approximately an hour and a half drive from Raleigh. The community offers a quieter pace of life. Residents primarily rely on personal vehicles for commuting, though Lenoir County Transit provides demand-response services for various needs, including work and medical appointments. The Kinston/Lenoir County Parks and Recreation Department maintains 16 parks and offers a range of activities.

Life in Lenoir County is characterized by a small-town feel, with many residents owning their homes. The public school system, Lenoir County Public Schools, serves over 8,000 students across 17 schools and is recognized for its early college high school and STEM programs. Recent economic developments include expansions by companies like Electrolux, investing over $23 million and adding jobs in Kinston, and Cardon Rehabilitation and Medical Equipment USA establishing its U.S. headquarters there. The local economy is supported by sectors such as healthcare, manufacturing, and education.

[02] Market Snapshot

Housing Ratio
2.0x

Undervalued relative to economy

GDP Growth
+2.0%

Below national median

Home Prices
+2.4%

Outpacing national median

Climate & Terrain
-1.7

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lenoir County U.S. National

The Numbers

DEMOGRAPHICS
Population
55,071
-0.49% YoY
Median Household Income
$43,063
Median Home Value
$101,600
+2.39% 12mo
Median Rent
$792
Average Annual Pay
$50,091
+3.4% YoY
Employment
29,083
+0.3% YoY
Income-to-Home-Value
0.4238
More affordable than average
Migration Inflow
3.41%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$239,000
Days on Market
101
Slower market
Months of Supply
6.0
Buyer's market
Sale-to-List Ratio
100.2%
Homes selling above asking
Sold Above List
36.0%
Listings w/ Price Drops
19.9%
Building Permits (2024)
148
Single-Family Permits
148

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +2.0% 36 percentile
Population Growth -0.5% 11 percentile
Income Growth +4.8% 3 percentile
Vacancy Rate 1.4% 26 percentile
Home Price Change +2.4% 64 percentile
Price/Rent 11x 84 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lenoir County, NC a good place to move to?

Lenoir County has a Boom Town Index score of 58/100, ranking #422 among 996 U.S. counties. With job growth at +0.3% and a median household income of $43,063, it's an above-average county on economic indicators.

Is Lenoir County affordable?

The median home value in Lenoir County is $101,600 with median rent at $792/month. The income-to-home-value ratio is 0.4238, which is more affordable than the national average.

Is Lenoir County growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: +0.3%. Home values changed +2.4% in the past 12 months.

Are people moving to Lenoir County?

Yes — 3.41% of Lenoir County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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