The story of this market
The typical home in Lake County, Tennessee sells for about $112,338, or $75 per square foot.
Prices are up +1.74% from a year ago, so sellers still have some momentum. Homes take about 53 days to sell. The biggest natural hazard here is earthquake, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $995 a month.
HUD sets the fair market rent for a 2-bedroom at $995 a month. FEMA's National Risk Index rates overall hazard risk here as Very High.
Monthly price momentum
Home values since 2015
-0.4%
TN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,244
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
97
Very High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $9,592,541.
Mortgage activity
Home lending in this county
66.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 98 | 46 | 66.2% | 5.6% | $85,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Lake County, Tennessee
Lake County's housing market remains highly affordable but stagnant, with low inventory and limited price appreciation. The market is driven by local demand and a lack of new development, resulting in a balanced but slow-moving environment.
8 distress filing(s) on the ARED verified county foreclosure ledger. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved down 7.0% year over year.
Homes spend a median of 53 days on market with 3.3 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 96% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 28.5% — a mixed stability profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 1 researched ZIP reports of 2 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Lake County, Tennessee — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
The county faces flood risks due to its proximity to the Mississippi River and Reelfoot Lake, necessitating careful insurance planning for property owners.
Economic momentum is limited, with the county focusing on agricultural and local service sectors; infrastructure development is primarily centered on maintaining existing rural connectivity.
Property taxes are assessed by the Lake County Assessor of Property based on state-mandated appraisal cycles, with rates set by the county commission to fund local services and schools.
Reelfoot Lake State Park is the primary amenity, offering unique fishing, boating, and wildlife viewing opportunities that define the local lifestyle.
The rental market is characterized by low inventory and high vacancy pressure, with a significant share of housing units being renter-occupied.
The economy is heavily reliant on agriculture and local government services, with limited industrial diversification.
Transportation is primarily served by state highways, with no major interstate or public transit infrastructure present.
The Lake County Assessor of Property conducts periodic reappraisals to ensure property values align with state standards.
The county is served by local utility districts and the Lake County School District, which manages public education.
Property insurance premiums are influenced by the county's flood-prone geography, particularly near Reelfoot Lake.
- Reelfoot Lake State Park4.79.5 mi
- Reelfoot National Wildlife Refuge4.711.7 mi
- New Madrid Historical Museum4.617.8 mi
- Okeena Park4.420 mi
- River City Adventure Park4.913.4 mi
- Discovery Park of America4.824.7 mi
- New Madrid Historical Museum4.617.8 mi
- Reelfoot Lake State Park4.79.5 mi
- Reelfoot National Wildlife Refuge4.711.7 mi
- Okeena Park4.420 mi
- Hunter-Dawson State Historic Site4.618.7 mi
- Dyersburg Mall3.718.8 mi
- Olympic Plaza4.119.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A premier destination for fishing, bird watching, and boating, serving as the county's most significant natural and recreational anchor.
Data retrieved from US Census Bureau QuickFacts and FRED.
applies when — Applies to residential parcels created as condominiums on or after January 1, 2009.
Governs the creation, management, and operation of condominium associations, including unit owner rights, common element maintenance, and assessment authority.
Tennessee Code Annotated, Title 66, Chapter 27.
applies when — Applies to residential parcels governed by a homeowners' association or declaration of covenants.
Imposes specific constraints on associations, including: vested rights for owners to maintain long-term rentals if covenants are amended, prohibition on foreclosure for failure to pay special assessments for nonessential amenities, and requirements for fidelity bonds.
Tennessee Code Annotated, Title 66, Chapter 27, Parts 6-10.
applies when — Applies to residential parcels encumbered by a deed of trust or mortgage containing a power of sale clause.
Allows for non-judicial foreclosure. Requires public notice at least 20 days in advance of the sale, published in a newspaper in the county and/or posted on the secretary of state's website. The trustee must be a licensed Tennessee attorney.
Tennessee Code Annotated, Title 35, Chapter 5; amended by HB1355 (2023) and HB1155 (2011).
Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
Tennessee Code Annotated, Title 67, Chapter 5; assessments are based on status as of January 1 annually.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.