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Lenoir County, NC

Kinston

RANK #17 / 996 NAT  ·  #1 / 51 NC  ·  POP 55,071

1YR FORECAST: +3.3%

5YR OUTLOOK: +43%

#15 Most Undervalued #18 Best for Investment
Our model projects Lenoir County's housing market to grow +3.3% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Caswell Development Center Healthcare
    1,000+
  2. 2
    Lenoir Memorial Hospital Healthcare
  3. 3
    Sanderson Farms Inc Processing Division Manufacturing
  4. 4
    Associated Materials Inc. Manufacturing
    250+
  5. 5
    City of Lenoir Government
  6. 6
    Walmart Retail
  7. 7
    McDonald's Hospitality
  8. 8
    UPS Logistics
  9. 9
    ALDI Retail
  10. 10
    Dollar General Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
15.0%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
15.3
per 100K · nat avg 6.3
Firearm Fatalities
22.0
per 100K · nat avg 14.8
Injury Deaths
124.9
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
37.3
Good
Good Air Days
91%
773 of 852 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
34
2022
39
2023
39
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Frequently Asked Questions

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

Lenoir County ranks #17 out of 996 U.S. counties on the Boom Town Index with a score of 98/100, placing it in the top tier nationally. Median household income is $43,063 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Lenoir County affordable?

By national standards, Lenoir County is quite affordable. Homes here have a median value of $101,600, and the income-to-home-value ratio of 0.42 is well above the U.S. average — especially with median rent at just $792/month. Residents can generally buy a home without being cost-burdened.

Is Lenoir County growing or shrinking?

Population and employment in Lenoir County are both close to flat — population -0.5% YoY and jobs +0.3%. Home values shifted +2.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Lenoir County?

There's a moderate stream of newcomers. About 3.41% of residents moved from another state, which is above average and suggests Lenoir County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Wilson County, NC 98 Rockingham County, NC 97 Stanly County, NC 96 Lee County, NC 96 Robeson County, NC 90 Wayne County, NC 88 Garfield County, OK 98 Nacogdoches County, TX 98