Home prices
Lake City's median home value is $93,500. In comparison to other places in this area it is about $13,360 (16%) higher.In comparison to the entire nation it is roughly $124,000 (57%) lower, and compared to the city of Memphis it is roughly $8,300 (8%) lower.
Rents
In Lake City the median monthly rent is $838. This is about $259 (44%) higher in comparison to its surrounding areas.It is approximately $224 (21%) lower in comparison to the rest of the nation, and is approximately $63 (6%) lower compared to the city of Memphis.
Nearby places
Black Oak
Black Oak is approximately 4 miles east from Lake City. Housing prices there are a bit less expensive. Black Oak's median home value is $73,600, which comes out to $19,900 (27%) lower than Lake City. Rents there are substantially less expensive. The median monthly rent in Black Oak is $365, which works out to $473 (129%) lower than Lake City.
Bay
Bay is approximately 7 miles southwest of Lake City. The housing prices there are a little less expensive. The value of the median home in Bay is $82,800, which comes out to $10,700 (12%) lower than Lake City. Rent there is a little less expensive. The median monthly rent in Bay is $717, which works out to $121 (16%) lower than Lake City.
Monette
Monette is approximately 7 miles northeast from Lake City. Its housing prices are a bit less expensive. Monette's median home value is $84,800, which is $8,700 (10%) lower than Lake City. The rent there is a lot less expensive. Monette's median rent is $492 per month, which is $346 (70%) lower than Lake City.
Caraway
Caraway is about 7 miles southeast from Lake City. Real estate prices there are substantially less expensive. The cost of the median home in Caraway is $48,800, which comes out to $44,700 (91%) lower than Lake City. Its rents are significantly less expensive. The median rent in Caraway is $573 per month, which works out to $265 (46%) lower than Lake City.
Brookland
Brookland is roughly 8 miles northwest from Lake City. Housing prices there are a bit more expensive. The median home in Brookland is valued at $110,700, which is $17,200 (15%) higher than Lake City. Rent there is a bit less expensive. In Brookland the median rent is $748 per month, which works out to $90 (12%) lower than Lake City.
