Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake City area can be challenging. Home prices in Lake City are now at a median cost of $177,342, lower than the Tennessee average of $218,916.
The average cost of rent is $564/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 54.31% of residents own their homes outright in Lake City, 40.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $3,746 per month. Households that rent pay about 15.05% of their income on rent here. Lake City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Rocky Top, TN: higher priced homes
- Slatestone, TN: less expensive homes
- Seeber Flats, TN: less expensive homes
- Caryville, TN: higher priced homes
- Norris, TN: equally priced homes
- Grantsboro, TN: less expensive homes
- Jacksboro, TN: less expensive homes
- Pine Crest, TN: less expensive homes
- Briceville, TN: less expensive homes
- Red Ash, TN: less expensive homes
Cities with Similar Populations
- Otterbein, IN: equally priced homes
- Junction City, OH: less expensive homes
- Kenyon, MN: equally priced homes
- Albion, IL: less expensive homes
- Kuttawa, KY: less expensive homes
- Labadieville, LA: less expensive homes
- Lacon, IL: less expensive homes
- Lower Lake, CA: higher priced homes
- Manhattan, IN: equally priced homes
- Mc Henry, MS: less expensive homes
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