Lake County, Tennessee: commercial real estate data.
Lake County, Tennessee had an estimated 6,422 residents on July 1, 2024, down 8.2 percent since the 2020 census base of 6,999, across 166 square miles. County output reached $150.5 m in 2024, 64 establishments operate here, and the SBA record carries 1 7(a) approvals worth $2.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake County
How many people live in Lake County
- Population, American Community Survey 2020-20246,579
- Households2,067
- Average household size3.18
- Median household income$28,814
- Median age42.8
- Median gross rent$532 per month
- Median owner-occupied home value$97,900
- Home value to household income3.4 times
- Annual rent as a share of median income22.2 percent
- Adults 25 and over with a bachelor degree or higher9.4 percent
- Adults 25 and over with a graduate degree4.5 percent
- Adults 25 and over5,153
- Population under 18978
- Share under 1814.9 percent
- Population 65 and over1,079
- Share 65 and over16.4 percent
- Working age population, 18 to 644,522
- Civilian labor force1,731
- Unemployment rate4.9 percent
- Labor force participation, adults 18 and over30.9 percent
- Rank by population among Tennessee counties93rd of 95
- Rank by population among US county-equivalents, Puerto Rico included2771st of 3,222
Lake County is the 93rd largest of 95 Tennessee counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 16.4 percent against 14.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lake County
Is Lake County's population growing?
- Population, July 1, 20246,422
- Census 2020 base population6,999
- Population change since the 2020 census base-8.24 percent
- Population change, 2023 to 202415
- Births, 202480
- Deaths, 202481
- Natural change, 2024-1
- Net domestic migration, 202413
- Net international migration, 20243
- Total net migration, 202416
- Cumulative net domestic migration, 2021 to 2024-381
- Rank by growth among US county-equivalents3104th of 3,144
The county has lost 8.24 percent of its population since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lake County
Where are people moving to Lake County from?
- Tax returns filed by households arriving101
- People arriving, from those returns196
- Tax returns filed by households leaving159
- Net household movement-58
- Adjusted gross income arriving$3.4 m
- Net adjusted gross income movement$-2.2 m
- Average income of an arriving household$33,960
- Average income of a leaving household$35,138
- Largest single originDyer County (44 households)
- Largest single destinationDyer County (38 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Dyer County | 44 | 95 | $2.0 m |
| Obion County | 21 | 41 | $513,000 |
Households arriving report $1,178 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Dyer County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Lake County
What is the Lake County economy?
- County GDP, 2024$150.5 m
- County GDP, 2023$176.0 m
- GDP change, 2023 to 2024-14.5 percent
- GDP change over five years12.1 percent
- Rank by GDP among the Tennessee areas BEA publishes93rd of 95
- Rank by GDP among the US county areas BEA publishes2979th of 3,127
- GDP per resident$22,877
Output grew -14.5 percent in the latest year and 12.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Lake County
Employment by industry in Lake County
- Covered employment, annual average1,452
- Establishments reporting114
- Average annual pay$48,138
- Average weekly wage$926
- Health care and social assistance, employment172
- Health care and social assistance, average annual pay$43,650
- Retail trade, employment134
- Retail trade, average annual pay$32,769
- Agriculture, forestry, fishing and hunting, employment67
- Agriculture, forestry, fishing and hunting, average annual pay$36,532
- Wholesale trade, employment33
- Wholesale trade, average annual pay$94,990
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 172 | 14 | $43,650 |
| Retail trade | 134 | 14 | $32,769 |
| Agriculture, forestry, fishing and hunting | 67 | 12 | $36,532 |
| Wholesale trade | 33 | 3 | $94,990 |
Health care and social assistance is the largest private sector at 172 jobs, 11.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lake County
How many businesses are in Lake County?
- Establishments, all industries64
- Employment at those establishments545
- Annual payroll$22.0 m
- Establishments per 1,000 residents9.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Lake County
Building permits in Lake County
- Housing units authorized by permit, 20243
- Declared construction value permitted$675,000
- Single family units authorized3
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$225,000
- Units authorized per 1,000 households1.5
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Lake County
SBA loans in Lake County (7(a) and 504)
- 7(a) approvals recorded1
- 7(a) gross approval dollars$2.3 m
- Average 7(a) approval$2,321,100
- Median 7(a) approval$2,321,100
- Largest single approval$2,321,100
- Jobs reported supported, 7(a)6
- Jobs per approval6.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals1
- Median 7(a) term156 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter0
- Franchise loans0
- Franchise share of approvals0.0 percent
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake County
SBA loan default and charge-off rates in Lake County
Do SBA loans in Lake County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake County
How large is Lake County?
- Land area166 sq mi
- Rank by land area among Tennessee counties91st of 95
- Width, east to west19.7 mi
- Height, north to south21.9 mi
- Geographies sharing a boundary5
- Residents per square mile of land40
- Establishments per square mile0.39
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Lake County
Flood risk in Lake County
- Participation of the county's own NFIP community Lake County, unincorporated areasParticipating, community 470334
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Lake County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Lake County (community 470334), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Lake County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Lake County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Lake County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20246,579
- Households2,067
- Average household size3.18
- Median household income$28,814
- Median age42.8
Common questions
Lake County questions, answered from the record.
How many people live in Lake County, Tennessee?
The Census Bureau estimates 6,422 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 6,579, in 2,067 households, ranking 93rd of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lake County's population growing?
The population has fallen 8.24 percent since the 2020 census base of 6,999, to 6,422 on July 1, 2024. In 2024 there were 80 births against 81 deaths, with net migration of 16. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lake County?
$28,814. The median owner-occupied home is valued at $97,900, which is 3.4 times income, and median gross rent is $532 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Lake County?
64 establishments, employing 545 people with an annual payroll of $22.0 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Lake County?
Health care and social assistance is the largest private sector at 172 jobs, 11.8 percent of covered employment. Covered employment averages 1,452 jobs at an average annual pay of $48,138, or $926 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lake County?
1 7(a) approvals totaling $2.3 m since FY2020, across 1 lenders, with a median approval of $2,321,100. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Lake County?
3 housing units were authorized by permit in 2024, with a declared construction value of $675,000. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lake County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Lake County come from?
The largest single origin is Dyer County, with 44 households. Arriving households report an average income of $33,960 against $35,138 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lake County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Lake County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Lake County
Cities and places in Lake.
3 Census places lie wholly or partly in Lake County. All 3 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Tiptonville | town | 3,572 | None recorded | Wholly in this county |
| Ridgely | town | 1,796 | 1 | Wholly in this county |
| Wynnburg | CDP | 16 | None recorded | Wholly in this county |