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These days, finding an affordable place to live in the Oak Ridge area can be challenging. Home prices in Oak Ridge are now at a median cost of $228,374, lower than the Alabama average of $228,911.
The average cost of rent is $1,578/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. In Oak Ridge, 33.72% of households rent, and 68.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $4,481 per month. Households that rent pay about 35.22% of their income on rent here. Oak Ridge’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hartselle, AL: equally priced homes
- Massey, AL: higher priced homes
- Tanner Heights, AL: higher priced homes
- Danville, AL: less expensive homes
- Penn, AL: less expensive homes
- Decatur, AL: less expensive homes
- Priceville, AL: higher priced homes
- Oakville, AL: less expensive homes
- Gum Spring, AL: equally priced homes
- Falkville, AL: less expensive homes
Cities with Similar Populations
- Prewitt, KY: less expensive homes
- New Brunswick, IN: equally priced homes
- New Richmond, WV: less expensive homes
- New Stuyahok, AK: less expensive homes
- Oak Park, GA: less expensive homes
- Occupacia, VA: equally priced homes
- Ocheltree, KS: higher priced homes
- Old Brazoria, TX: higher priced homes
- Preston, OK: less expensive homes
- Nevins, IL: less expensive homes
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