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Lake Tansi

Learn about the people, housing, costs and businesses in Lake Tansi, Tennessee

Median Home$290,441
Median Rent$1,041/month
Population4,571
Leading IndustryRetail17% of local workforce
Home Value Growth⬆⬆⬆+31.9% over 2 years
Retirees31% of residentswell above average
Homeowners93% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Lake Tansi
TN

Frequently Asked Questions

What are today's mortgage rates in Lake Tansi?

As of today, the 30-year fixed mortgage rate for Lake Tansi is approximately 6.987% (7.026% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Tansi?

The median home value in Lake Tansi is $290k. The median monthly rent is $1,041. Annual property taxes average $749. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Tansi?

Home values in Lake Tansi have increased 31.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Tansi?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Tansi is $55k/year.

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What industries drive the economy in Lake Tansi?

The largest employment sectors in Lake Tansi are retail (17%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.