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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 $259,791, lower than the Illinois average of $300,242.
The average cost of rent is $1,103/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. In Oak Ridge, 8.24% of households rent, and 62.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $8,795 per month. Households that rent pay about 12.54% of their income on rent here. Oak Ridge’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Metamora, IL: less expensive homes
- Germantown Hills, IL: equally priced homes
- Spring Bay, IL: less expensive homes
- Bay View Gardens, IL: less expensive homes
- Rome, IL: less expensive homes
- Harvard Hills, IL: equally priced homes
- Lowpoint, IL: less expensive homes
- Mossville, IL: equally priced homes
- Washington, IL: less expensive homes
- Chillicothe, IL: less expensive homes
Cities with Similar Populations
- Wolcott, VT: equally priced homes
- Tison, GA: less expensive homes
- Haxtun, CO: equally priced homes
- Harwick, PA: less expensive homes
- Tyndall, SD: less expensive homes
- Vici, OK: less expensive homes
- Wallingford, VT: equally priced homes
- Washington, KS: less expensive homes
- Granite Springs, NY: higher priced homes
- Wellington, MO: less expensive homes
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