Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 398,696 ↑ 3.8% since 2020 |
| Median Household Income | $69,956 6% below national median |
| Median Home Value | $287,900 |
| Unemployment Rate | 5.1% |
| Median Age | 46.7 years |
| Housing Vacancy Rate | 12.7% |
| Total Land Sales (Past 12 Months) | 7 transactions |
| Active Listings | 9 properties |
| Avg Days on Market | 543 days |
Rural Land Sales (1+ Acres) (Apr 2025 – Nov 2025)
| Metric | Value |
|---|---|
| Median Price/Acre | $1,413 |
| Recent Sales | 7 transactions |
| Avg Days on Market | 213 days |
| Avg Parcel Size | 73.59 acres |
| Active Listings | 0 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Nov 2025 | 280.00 | $360,000 | $1,286 | 0 Hickory Ridge Rd | Ridgely |
| Nov 2025 | 92.00 | $130,000 | $1,413 | 79 State Rte | Ridgely |
| Oct 2025 | 92.50 | $130,000 | $1,405 | 0 State Route 79 | Ridgely |
| Jul 2025 | 38.70 | $45,000 | $1,163 | Miss Riv | Tiptonville |
| Jun 2025 | 3.60 | $52,500 | $14,583 | Sunkist Beach And Keefe Rd | Tiptonville |
| Jun 2025 | 3.30 | $65,000 | $19,697 | 3535 State Route 21 E | Tiptonville |
| Apr 2025 | 5.00 | $90,000 | $18,000 | 550 Keystone Dr | Tiptonville |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $10,000 |
| Recent Sales | 7 transactions |
| Avg Days on Market | 632 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 4 properties |
Recent Suburban/Urban Land Sales
No recent sales data available for this period.
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 6,691 |
| Population (2020) | 7,005 |
| Population Growth | -4.48% |
| Median Household Income | $30,500 |
| Median Home Value | $107,000 |
| Total Housing Units | 2,497 |
| Vacant Housing Units | 475 |
| Housing Vacancy Rate | 19.0% |
| Median Age | 41.6 |
| Bachelor's Degree or Higher | 265 (4.0%) |
| Unemployment Rate (BLS) | 4.0% |
Market Overview
Lake County, Tennessee has a population of 6,691, which has declined 4.48% since 2020. The median household income is $30,500, below the national median of $74,580 by 59.1%. With a median home value of $107,000 and an unemployment rate of 4.0%, the local economy is struggling. The housing vacancy rate of 19.0% suggests soft market conditions. The county's location in Tennessee makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $4,250 per acre, with properties averaging 52.20 acres. There are currently 9 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lake County, Tennessee?
As of the 2023 American Community Survey, Lake County has a population of 6,691. The county has declined 4.48% since the 2020 Census.
What is the median household income in Lake County?
The median household income in Lake County is $30,500, which is 59.1% below the national median of $74,580.
Is Lake County growing or shrinking?
Lake County is shrinking. The population has declined 4.48% since 2020.
What is the housing market like in Lake County?
The median home value in Lake County is $107,000. The housing vacancy rate is 19.0%, which suggests soft market conditions. The unemployment rate is 4.0%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $4,250 per acre. Suburban/urban lots under 1 acre have a median lot price of $10,000.
Does Reelvest buy land in Lake County, Tennessee?
Yes! Reelvest Properties buys vacant land throughout Tennessee, including Lake County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.