Lake City, GA has a vibrant housing market with an impressive median value of $195,400, which is significantly lower than the US median value of $338,100. The 1 year house appreciation rate in Lake City is also very impressive at 19.85%, much higher than the US rate of 8.27%. This demonstrates that this town is not only a great place to purchase a home but also offers investors the opportunity to benefit from strong returns on their investments in the area.
The median home cost in Lake City is $195,400. Home appreciation the last 10 years has been 148.3%. Home Appreciation in Lake City is up 26.5%.
Average Age of Homes
- The median age of Lake City real estate is 47 years old
The Rental Market in Lake City
- Renters make up 35.6% of the Lake City population
- 1.9% of houses and apartments in Lake City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.