Lake City, TN Real Estate

According to census data in the year 2000 there were 874 housing units in Lake City. This represents a 4.2% decline from 912 in 1990.

Of those housing units, 833 were located in either urbanized areas or urban clusters, and 41 were located in what is classified as a rural area.

Homeownership rate in Lake City is about 48.8%. Lake City's vacancy rate, including seasonal lodging, is about 10%. Average household size is 2.18 people.

The majority of houses, apartments or condos in Lake City were built after 1959.


Housing Size

Housing Units by Size
Studio Type3.50%
One Bedroom20.40%
Two Bedrooms37.20%
Three Bedrooms31.10%
Four Bedrooms7.80%
Five Bedrooms or more0%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1956
Median Value of occupied units$62,200
Median Price asked for vacant units$42,500

Rented Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1965
Median Monthly Rent asked for vacant units$321

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan1.60%
Simple Mortgage33.30%
Debt Free62.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.6%