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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 $435,564, lower than the New Jersey average of $496,577.
The average cost of rent is $1,533/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. In Oak Ridge, 12.52% of households rent, and 29.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $10,774 per month. Households that rent pay about 14.23% of their income on rent here. Oak Ridge’s most expensive areas are in the eastern 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
- Newfoundland, NJ: higher priced homes
- Green Pond, NJ: higher priced homes
- Marcella, NJ: higher priced homes
- Lake Telemark, NJ: equally priced homes
- Stockholm, NJ: less expensive homes
- Hibernia, NJ: equally priced homes
- Sparta, NJ: higher priced homes
- Ogdensburg, NJ: less expensive homes
- South Ogdensburg, NJ: higher priced homes
- Mount Hope, NJ: less expensive homes
Cities with Similar Populations
- Aberdeen, NC: less expensive homes
- Alpine, UT: higher priced homes
- Algonac, MI: less expensive homes
- Albion, MI: less expensive homes
- Otsego, MI: less expensive homes
- Oakvale, WV: less expensive homes
- Oakwood, GA: less expensive homes
- Oberlin, OH: less expensive homes
- Old Saybrook, CT: higher priced homes
- Olive Hill, KY: less expensive homes
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