Market Overview
Home Prices in Lakesite, TN
The median home value in Lakesite, TN is $399,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.9% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakesite are priced2% below average. Lakesite is part of the Chattanooga, TN-GA metro area.
Over the past five years, Lakesite home values have risen by approximately27.5%, reflecting strong long-term appreciation in this market.
Price History
Lakesite Home Price Trend
City Comparison
Lakesite vs. National Median
At $399,936, homes in Lakesite cost 2% below the national median of $410,000. This makes Lakesite a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lakesite?
20% Down Payment
$79,987
on $399,936
Monthly P&I
$2,086/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,649/mo
incl. taxes & insurance
Income Needed
$105,960
gross annual (30% rule)
10% Down Option
$39,994
+ PMI applies
Loan Amount (20% dn)
$319,949
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lakesite, TN?
The median home value in Lakesite is $399,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.9% year-over-year.
How much have home prices changed in Lakesite?
Over the past year, home values in Lakesite have decreased by 2.9%. Over five years, prices have risen approximately 27.5%.
How much do I need to earn to buy a home in Lakesite?
To comfortably afford the median home price of $399,936 with a 20% down payment ($79,987) at today's rates (6.8%), you'd need a gross annual income of approximately $105,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakesite compare to the national average home price?
The national median home value is approximately $410,000. At $399,936, homes in Lakesite are 2% below the national average.
What metro area is Lakesite part of?
Lakesite is part of the Chattanooga, TN-GA metropolitan area. Home prices and market conditions can vary across the broader metro region.