Housing in Lake City, IA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$138,406

Lake City vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Lake City is highlighted.

Median Home Value

22nd%ilemost expensive$103,300show rank

Median Rent

24th%ilemost expensive rent$761show rank

Rent Burden

19th%ilehighest rent burden14.2%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$103,300

Median Rent

$761

Total Housing Units

739

Vacancy Rate

11.8%

Owner Occupied

75.2%

Renter Occupied

24.9%

Median Property Tax

$1,528

per year

Monthly Cost (w/ Mortgage)

$622

Housing Types

Single Family

85.0%

Multi-Family

11.0%

Mobile Home

4.1%

The median home value in Lake City, IA is $103,300. According to Zillow, the home value index for Lake City is $138,406. The median rent is $761 per month (Census ACS). About 75.2% of housing units are owner-occupied. The median year homes were built is 1956. There are 739 total housing units.