Affordable
Expensive
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These days, finding an affordable place to live in the Lake County area can be challenging. Home prices in Lake County are now at a median cost of $108,057, lower than the Tennessee average of $315,131.
The average cost of rent is $524/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. In Lake County, 52.25% of households rent, and 62.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $2,519 per month. Households that rent pay about 20.81% of their income on rent here. Lake County’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Obion County, TN: higher priced homes
- Dunklin County, MO: equally priced homes
- Weakley County, TN: higher priced homes
- Clay County, AR: less expensive homes
- Henry County, TN: higher priced homes
- Randolph County, AR: higher priced homes
- Stewart County, TN: higher priced homes
- Houston County, TN: higher priced homes
- Fulton County, AR: higher priced homes
- Cheatham County, TN: higher priced homes
Counties with Similar Populations
- Pike County, AR: higher priced homes
- Larue County, KY: higher priced homes
- Las Animas County, CO: higher priced homes
- Las Marias Municipio, PR: less expensive homes
- Latimer County, OK: equally priced homes
- Lawrence County, AR: equally priced homes
- Lawrence County, IL: equally priced homes
- Lawrence County, KY: equally priced homes
- Lawrence County, MS: equally priced homes
- Lee County, AR: less expensive homes
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