2026 Compare Cities Housing:
Memphis, TN vs Lake City, FL

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Highlights
- The median age of a home in Memphis is 28.8% older than the median age of a home in Lake City.
 Memphis, TNLake City, FLUnited States
 Median Home Age52  Unlock42
 Median Home Cost  Unlock$235,300$338,100
 Home Appr. Last 12 months15.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock84.3%57.0%
 Home Appr. Last 10 yrs.97.4%  Unlock101.1%
 Property Tax Rate  Unlock$9.2$11.0
 Homes Owned40.2%  Unlock57.4%
 Housing Vacant  Unlock13.0%11.2%
 Homes Rented45.8%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Memphis, TNLake City, FLUnited States
 Average Rent  Unlock$1,140$1,840
 Studio Apartment$820  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$700$1,180
 2 Bedroom Home or Apartment$1,060  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,160$1,860
 4 Bedroom Home or Apartment$1,620  Unlock$2,160
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 Vacant Housing
 Memphis, TNLake City, FLUnited States
 Vacant For Rent  Unlock3.4%1.9%
 Vacant Rented0.9%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock3.2%3.6%
 Vacant Other8.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Memphis, TNLake City, FLUnited States
 Less Than $20,000  Unlock0.5%2.6%
 $20,000 to $39,9995.2%  Unlock2.4%
 $40,000 to $59,999  Unlock7.5%2.8%
 $60,000 to $79,99914.3%  Unlock3.9%
 $80,000 to $99,999  Unlock12.8%4.5%
 $100,000 to $149,99916.3%  Unlock11.3%
 $150,000 to $199,999  Unlock19.2%13.0%
 $200,000 to $299,99912.7%  Unlock20.1%
 $300,000 to $399,999  Unlock3.9%13.6%
 $400,000 to $499,9993.1%  Unlock8.3%
 $500,000 to $749,999  Unlock0.5%9.7%
 $750,000 to $999,9991.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.2%  Unlock0.8%
 $2,000,000 and over  Unlock1.7%1.1%
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 Housing Units By Year Built
 Memphis, TNLake City, FLUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock30.0%13.6%
 2000 to 20096.3%  Unlock13.6%
 1990 to 1999  Unlock11.8%13.6%
 1980 to 198912.2%  Unlock13.2%
 1970 to 1979  Unlock11.7%14.8%
 1960 to 19699.5%  Unlock13.6%
 1950 to 1959  Unlock9.5%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock7.2%12.2%
Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 6 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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Reviews for Lake City    6 Reviews

I have been here 7 years and until Covid hit, I thought is was okay despite a large number of Confederate flags. Covid brought the worst in people. I have been  More

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Over 17 years ago

You can always build a place of worship or build Jewish community. The Muslims just build their place of worship here and many Christians have their churches. Why  More

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I have lived all over the country from Missouri, Pennsylvania, and have finally found my niche here in Lake City, Florida. I love it here, and with the church I  More

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