Lake County, Tennessee Housing Market
In Lake County, Tennessee, the median home value is $97,900, with a median monthly rent of $532. This places Lake County at #2945 nationally out of 3134 counties by median home value, and #95 within Tennessee.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,023
- Establishments: 90
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,797 (avg $46,316)
- Outflow: 1,766 (avg $46,469)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lake County Compares
| Metric | Lake County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $97,900 | $223,385 | $227,706 |
| Median Gross Rent | $532 | $892 | $968 |
| Owner Occupancy Rate | 47.8% | 74.1% | 73.3% |
| Price/Rent Ratio | 15.3 | 20.5 | 18.7 |
Market Analysis
The median home value in Lake County is 56.2% below the Tennessee state average and 57.0% below the U.S. national average. The median rent of $532/month is 40.4% below the state average.
With a price-to-rent ratio of 15.3, the buy-vs-rent decision in Lake County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lake County has an owner-occupancy rate of 47.8%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sharkey County | Mississippi | $98,000 | $623 |
| Bamberg County | South Carolina | $97,800 | $815 |
| La Salle County | Texas | $97,800 | $819 |
| Pocahontas County | Iowa | $98,100 | $832 |
| Stafford County | Kansas | $97,600 | $710 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hardeman County | $121,700 | $812 | 71.7% |
| Scott County | $124,900 | $686 | 71.6% |
| Perry County | $126,900 | $758 | 73.8% |
| Wayne County | $130,700 | $619 | 80.2% |
| Obion County | $133,600 | $770 | 68.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).