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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 20.40% |
| Two Bedrooms | 37.20% |
| Three Bedrooms | 31.10% |
| Four Bedrooms | 7.80% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $62,200 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $321 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 1.60% |
| Simple Mortgage | 33.30% |
| Debt Free | 62.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
