Lake City, AR Housing, Dwellings and Occupancy Information

This community has the following distinctive community characteristics:

Lake City COMMUNITY CHARACTERISTICS
These distinctive characteristics represent factors which have a strong influence on this community. Factors are considered "distinctive" if this community falls into the top 25% for these characteristics nationally.
1	The Median Home Sale Price is 52,206 this compares to the country median home sale price of 52,206 / Lake City.
2	Lake City has 787 households with the average house hold size of 2.58 people.
3	The annual residence turnover is 17.53 % with 25.54 % of residencies have had the same primary occupants for five or more years. This compares with a county turnover rate of 17.53% / Lake City.

Lake City INSIDE THE HOUSING MARKET
Median Home Sale Price	52,206
Vacant (dwellings)	86
Owner-Occupied (dwellings)	615
Renter-Occupied (dwellings)	172
Average Household Size (people)	2.58
In Current Residence 5+ years	25.54%
Annual Residence Turnover	17.53%
Households	787
Households Family	560
Households Non-family	227
Households with Children	294
Households no Children	494

Lake City has 615 owner occupied dwellings with 172 renter occupied and 86 dwellings.

Lake City RESIDENCY BREAKDOWN by # of dwellings

In Lake City there are 294 households with children compared to 494 without children.

Lake City HOUSEHOLDS WITH VERSUS WITHOUT CHILDREN by # of households

In Lake City there are 560 household composed of people who are related versus 227 households who are unrelated.

Lake City FAMILY VERSUS UNRELATED PEOPLE HOUSEHOLDS by # of households

• In Lake City the closest airport is Memphis International which is 60 miles away.
• The closest local major sports team is Memphis Redbirds (aaa) located 51 miles away.
• Closest two year and four year public schools are Crowleys Ridge College and Arkansas State University.

Lake City GEOGRAPHIC PROXIMITY TO KEY VENUES
Closest Major Airport	Memphis International
Distance to Closest Major Airport	60
Closest Major Sports Team	Memphis Redbirds (aaa)
Distance to Team	51
Closest 2-year public college	Crowleys Ridge College
Distance to 2-year school	19
Closest 4-year public college	Arkansas State University
Distance to 4-year school	9

This Lake City reflects the following vehicle ownership trends with 3 of household without vehicles, 37 with one and 60 with two or more vehicles.

Lake City VEHICLE OWNERSHIP

• In Lake City you will find the studio apartments and one-bed room apartments renting the following ranges 465 and 485.
• The larger units like the three-bedroom and four-bedroom rent for 787 and 811.

Lake City APARTMENT RENTAL RATES
Apartment Size	Rental Estimates*
Studio	465
1 Bedroom	485
2 Bedrooms	559
3 Bedrooms	787
4 Bedrooms	811