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 Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||1.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.6%|