Lake County, Tennessee home prices
Typical home $112,258 · +0.0% in a year · property tax 0.67%
The typical home in Lake County is worth $112,258, 66% less than the Tennessee typical home ($330,844). Values changed +0.0% in the past year and +14.5% over five years. Homeowners here pay a median 0.67% of their home's value in property tax each year ($749 on the typical home), versus 0.46% statewide.
Mortgage on the typical Lake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $22,452 | $89,807 | $604 | $0 | $119 | $723 | $31,000 |
| 10% down | $11,226 | $101,032 | $680 | $42 | $119 | $840 | $36,000 |
| 5% down | $5,613 | $106,645 | $717 | $44 | $119 | $880 | $37,700 |
| 3.5% down (FHA) | $3,929 | $110,225 | $741 | $50 | $119 | $910 | $39,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.67% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Tennessee.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lauderdale County | $139,096 | +14.7% | 0.59% |
| Hardeman County | $158,579 | +5.2% | 0.63% |
| Chester County | $164,234 | +0.8% | 0.52% |
| Obion County | $166,805 | +7.4% | 0.52% |
| Perry County | $170,720 | +2.2% | 0.53% |
| McNairy County | $172,914 | +5.6% | 0.38% |
| Haywood County | $175,513 | +4.1% | 0.62% |
| Dyer County | $175,680 | +3.5% | 0.63% |
| Hancock County | $176,431 | +9.4% | 0.45% |
| Carroll County | $177,700 | +2.5% | 0.58% |
Frequently asked questions
What is the average home price in Lake County, TN?
The typical home value in Lake County is $112,258 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lake County?
About $31,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lake County?
The median effective rate is 0.67% of home value a year (Census ACS 2024 5-year estimates).