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Foreclosure Homes in Lake City, TN

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Old-lake-city-hwy-Rocky-top-TN-37769
Preforeclosure

Old Lake City Hwy
Rocky Top, TN 37769

| 1 Bath | 2,397 Sq. Ft.

Carden-ln-Rocky-top-TN-37769
Preforeclosure

Carden Ln
Rocky Top, TN 37769

| 1 Bath | 1,148 Sq. Ft.

Old-lake-city-hwy-Lake-city-TN-37769
Preforeclosure
$312,741 EMV

Old Lake City Hwy
Lake City, TN 37769

Carden-ln-Lake-city-TN-37769
Preforeclosure
$98,005 EMV

Carden Ln
Lake City, TN 37769

| 1 Bath | 2,337 Sq. Ft.

Oak-grove-rd-Rocky-top-TN-37769
Bankruptcy

Oak Grove Rd
Rocky Top, TN 37769

Shelby-st-Rocky-top-TN-37769
Bankruptcy

Shelby St
Rocky Top, TN 37769

Vivian-ave-Rocky-top-TN-37769
Bankruptcy

Vivian Ave
Rocky Top, TN 37769

New-clear-branch-rd-Rocky-top-TN-37769
Bankruptcy

New Clear Branch Rd
Rocky Top, TN 37769

Briceville-hwy-Lake-city-TN-37769
Bankruptcy
$96,220 EMV

Briceville Hwy
Lake City, TN 37769

| 1 Bath | 816 Sq. Ft.

Grove-rd-Lake-city-TN-37769
Tax Lien

Grove Rd
Lake City, TN 37769

Displaying 1 - 10 of 12

Home Value Estimator For Lake City, TN

There are currently 2,083 real estate properties in Lake City, TN, with a median automated valuation model (AVM) price of $132,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake City, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake City, TN, is $169,486.00, with the most expensive house in Lake City, TN, topping out at $6,411,900.00 and the cheapest home in Lake City, TN, clocking in at $23,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake City, TN!


Rent Prices In Lake City, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake City, TN, is on a rollercoaster ride. The average rent price in Lake City, TN, is $938.00. Indeed, when looking to rent in Lake City, TN, you can expect to pay as little as $510.00 or as much as $2,260.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Lake City, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Lake City, TN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake City, TN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake City, TN and much more. Save thousands at closing with home foreclosure listings in Lake City, TN — up to 75% off market value!


Top Reasons To Live In Lake City, TN In 2021

Lake City is located in Anderson, Tennessee, with an estimated municipal population of 1,774 residents. All of the best foreclosed homes for sale in Lake City are located in the following zip code areas on Foreclosure.com: 37769. The estimated population per square kilometer (.62 miles) in Lake City is 445.


Cost Of Living In Lake City, TN

So, about how much do homes cost in Lake City? The most recent median value of resident-owned homes in Lake City is 70,659. An estimated 37.7 percent of households in Lake City own their homes, with an average family size of 3.01. The median household income in Lake City is 25,949, with0.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake City, the median commute time of resident workers (in minutes) is 19.6. And last, but certainly not least, are you looking for homes to rent in Lake City? If so, the average rent price paid by renters in Lake City is 473, according to recent statistics.


Diversity And Demographics In Lake City, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake City is 42, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Lake City is 32, with an average family size of 3.01.

The percentage of residents who report their race in Lake City is as follows:

White 98.3%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.9%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Lake City? Or maybe you are searching for 55+ active adult communities in and/or near Lake City?

The percentage of residents who report their age in Lake City is as follows:

Under 10 8.7%
Aged 10-19 14%
20s 14.5%
30s 11.7%
40s 11.8%
50s 15.4%
60s 12.5%
70s 6.1%
80+ 5.4%

Best Schools In Lake City, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake City.


Pros And Cons Of Living In Lake City, Tennessee

How do you know that living in -- or moving to -- Lake City is right where you need to be? Perhaps you grew up in Lake City or already live nearby; therefore, the decision to buy a home in Lake City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake City.


Reasons To Move To Lake City, Tennessee, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake City, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lake City, TN

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