The Low Water Levels On Boone Lake Is Now Affecting The Real Estate Market. TVA Dropped The Lake 30 Feet Below Normal And It’s Expected To Stay That Way For A Year Or Longer As Work Gets Underway To Fix Foundation Problems Near The Dam. Real Estate Agent Bill Hall Said In A Normal Year, 25 To 30 Houses Actively Go On The Market Around The Lake. As Of Right Now, There Are Only About A Dozen Homes.