The Most Affordable Neighborhoods in Oak Ridge, NY by Home Value

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 $163,994, lower than the New York average of $610,895.

The average cost of rent is $1,086/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. In Oak Ridge, 8.33% of households rent, and 47.64% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $7,135 per month. Households that rent pay about 15.22% of their income on rent here. Oak Ridge’s most expensive areas are in the southwestern 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.

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