Lenah Valley, TAS 7008 is rated Prime in Handle's suburb model as at October 2026. The median house is $870,000 with a 4.0% gross yield, vacancy is 0.57% against 1.03% across Hobart, and values have grown an average 4.2% a year over five years.
Every figure below is from the Handle suburb model, refreshed weekly. Hobart is the council area.
| Metric | Lenah Valley | Hobart | Context |
|---|---|---|---|
| Median house price | $870,000 | $912,500 | |
| Median rent | $678 / week | +4.3% in 12 months | |
| Gross rental yield | 4.0% | 3.9% | |
| Vacancy rate | 0.57% | 1.03% | 7 homes for rent |
| Days on market | 19 days | ||
| Stock on market | 0.26% | 7 listings, 75 sales a year | |
| Months of inventory | 0.8 | ||
| 12-month growth | +14.5% | ||
| 5-year growth (a year) | +4.2% | +23% cumulative | |
| 10-year growth (a year) | +5.8% |
A median Lenah Valley house was worth about $708,500 five years ago. Today it is $870,000, a +23% change, or 4.2% a year. Over 10 years the average is 5.8% a year, and the last 12 months added +14.5%.
Past growth is not a guide to future growth. It tells you how the suburb has behaved, not what it will do next.
The median house in Lenah Valley rents for $678 a week, a 4.0% gross yield against 3.9% across Hobart. Rents have moved +4.3% over the last 12 months, and vacancy sits at 0.57%, well under the 1.5% line we treat as tight.
There are 7 houses listed for sale against roughly 75 sales a year, which is 0.8 months of stock. Homes take 19 days to sell on average. Low stock and quick sales usually mean buyers are competing for what is listed.
Lenah Valley has about 6,522 residents, up 8.3% over 10 years. Median household income is $2,153 a week, 139% of the TAS median. 73% of homes are owner-occupied, and 7% of mortgaged households are in mortgage stress.
Employment across Hobart, where 43% of jobs are in government-backed sectors like health, education and public administration, plus 2 tracked infrastructure projects in the area.
Of the four signals our model scores, buyer demand and community fundamentals lead for Lenah Valley and price growth trails. A suburb score is where we start, not where we stop: every property still has to pass our 29-check screen and fit your Exit Plan before we buy.
Data as at 26 October 2026 from SuburbsFinder, ABS Census and public project sources, scored by Handle's suburb model across 3,393 suburbs. Bands: Prime is roughly the top 10%, Strong the next 20%, Watch the next 15%. General information only, not financial advice. Past growth is not a guide to future growth.
Lenah Valley is rated Prime in Handle's suburb model, in the top 5% of 3,393 Australian suburbs as at October 2026. The median house is $870,000 with a 4.0% gross yield and 0.57% vacancy. Whether it suits you depends on your borrowing, budget and plan, so we check every property against our 29-point screen before recommending it.
The postcode for Lenah Valley, TAS is 7008. Lenah Valley is in the Hobart local government area, and our data below covers houses in Lenah Valley itself rather than the wider council area.
The median house price in Lenah Valley, TAS is $870,000 as at October 2026, against $912,500 across Hobart. Values moved +14.5% over the last 12 months and averaged 4.2% a year over five years.
A median house in Lenah Valley rents for $678 a week, a gross rental yield of 4.0%. The Hobart median is 3.9%. Rents changed +4.3% over 12 months.
Vacancy in Lenah Valley is 0.57%, against 1.03% across Hobart. Below 1.5% is generally a tight rental market, which supports rents and shortens the time to find a tenant.
Employment across Hobart is led by health care and social assistance, education and training, accommodation and food services, with 43% of jobs in government-backed sectors. Infrastructure in the area includes Hobart City Deal - Macquarie Point and Royal Hobart Hospital ED Expansion. Homes sell in about 19 days with 0.8 months of stock.
Written by Ahijith (AJ) Chandra, co-founder of Handle Properties. Updated weekly; data as at 26 October 2026. Handle Properties is a licensed buyers agency, not a financial adviser.
Located in the dynamic state of TAS (postcode 7008), LENAH VALLEY is a vibrant real estate market. This suburb holds a median house price of $922,500 and has demonstrated an average buying growth of Up 10.5%. Last month, 33 houses were available, with 46 transactions completed in the past year. Properties spend around 18 days on the market, reflecting the area's demand with 2000 interested buyers. The average rental yield stands at 3.8%, with a weekly median rent of $450 per week and an average rent growth of Up 2.2%. Rental properties usually stay on the market for 19 days. The population in 2016 was 5934, which changed by +1.40% in the past five years. The median weekly household income is $1,498, reflecting an income change of +16.30% over the past five years. Residents have a median age of 40 years, and the suburb has an average annual growth for houses of +12.09%. To fully take advantage of LENAH VALLEY's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in LENAH VALLEY, Handle provides end-to-end property investment services, backed by data and experts.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.