Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Lake Drive area can be challenging. Home prices in Lake Drive are now at a median cost of $164,855, lower than the Tennessee average of $315,131.
The average cost of rent is $547/mo in Lake Drive, primarily driven by the current value of real estate in the Lake Drive area. In Lake Drive, 23.84% of households rent, and 69.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Drive is $2,684 per month. Households that rent pay about 20.37% of their income on rent here. Lake Drive’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Owl City, TN: equally priced homes
- Tiptonville, TN: less expensive homes
- Proctor City, TN: less expensive homes
- Cronanville, TN: less expensive homes
- Wynnburg, TN: equally priced homes
- Samburg, TN: less expensive homes
- New Markham, TN: less expensive homes
- Madie, TN: less expensive homes
- Hornbeak, TN: less expensive homes
- Roneys Store, TN: less expensive homes
Cities with Similar Populations
- Osgood, MO: less expensive homes
- Pharsalia, NY: less expensive homes
- Pfeifer, KS: higher priced homes
- Pettus, AR: less expensive homes
- Peth, NY: less expensive homes
- Pearl, TX: equally priced homes
- Patroon, TX: higher priced homes
- Parkland, IL: equally priced homes
- Otranto, IA: higher priced homes
- Pickwick Dam, TN: higher priced homes
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