The median home value in Lake City, TN is $182,700. This is lower than the county median home value of $249,600. The national median home value is $338,100. The average price of homes sold in Lake City, TN is $182,700. Approximately 60.06% of Lake City homes are owned, compared to 23.76% rented, while 16.18% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake City real estate agent to arrange a tour today!
Lake City, Tennessee has a population of 5,617. Lake City is less family-centric than the surrounding county with 18.7% of the households containing married families with children. The county average for households married with children is 26.97%.
The median household income in Lake City, Tennessee is $53,304. The median household income for the surrounding county is $55,414 compared to the national median of $69,021. The median age of people living in Lake City is 44.2 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 53.5 inches per year, with 5.5 inches of snow per year.