Home prices
The median home in Lake City is valued at $70,500. Compared to its nearby areas this is approximately $74,400 (51%) lower.In comparison to the rest of the nation it is about $147,000 (67%) lower, and is approximately $65,800 (48%) lower compared to the city of Knoxville.
Rents
Lake City's median rent is $473 a month. In comparison to its surrounding areas this is about $227 (32%) lower.It is approximately $589 (55%) lower in comparison to the rest of the country, and is about $372 (44%) lower in comparison to the city of Knoxville.
Nearby places
Norris
Norris is about 4 miles east of Lake City. The real estate prices there are significantly more expensive. The value of the median home in Norris is $209,200, which works out to $138,700 (66%) higher than Lake City. Rents there are significantly more expensive. In Norris the median rent is $928 a month, which is $455 (49%) higher than Lake City.
Caryville
Caryville is approximately 7 miles northwest from Lake City. Its housing prices are a lot more expensive. The median home in Caryville is valued at $124,300, which is $53,800 (43%) higher than Lake City. Its rents are a little more expensive. The median monthly rent in Caryville is $653, which works out to $180 (27%) higher than Lake City.
Jacksboro
Jacksboro is about 8 miles north from Lake City. Its housing prices are significantly more expensive. Jacksboro's median home value is $148,300, which works out to $77,800 (52%) higher than Lake City. The rent there is somewhat more expensive. The median rent in Jacksboro is $602 per month, which comes out to $129 (21%) higher than Lake City.
Clinton
Clinton is approximately 9 miles south of Lake City. The real estate prices there are significantly more expensive. The median home cost in Clinton is $165,700, which works out to $95,200 (57%) higher than Lake City. The rent there is substantially more expensive. Clinton's median rent is $702 a month, which comes out to $229 (32%) higher than Lake City.
La Follette
La Follette is approximately 10 miles north from Lake City. Real estate prices there are a little more expensive. The median home in La Follette is valued at $77,000, which is $6,500 (8%) higher than Lake City. Its rents are somewhat more expensive. In La Follette the median rent is $614 per month, which is $141 (22%) higher than Lake City.
