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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 $285,059, lower than the Tennessee average of $315,131.
The average cost of rent is $1,194/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. In Oak Ridge, 34.07% of households rent, and 40.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $6,791 per month. Households that rent pay about 17.58% of their income on rent here. Oak Ridge’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oliver Springs, TN: less expensive homes
- Windrock, TN: less expensive homes
- Edgemoor, TN: higher priced homes
- Kelley Town, TN: less expensive homes
- Jonesville, TN: higher priced homes
- Laurel Grove, TN: less expensive homes
- Clinton, TN: less expensive homes
- Coalfield, TN: less expensive homes
- Union, TN: equally priced homes
- Briceville, TN: less expensive homes
Cities with Similar Populations
- Shelbyville, TN: equally priced homes
- Englewood, FL: higher priced homes
- Ephrata, PA: equally priced homes
- Erie, CO: higher priced homes
- Fairmont, WV: less expensive homes
- Ferry Pass, FL: equally priced homes
- Flemington, NJ: higher priced homes
- Foothill Farms, CA: higher priced homes
- Forest Park, GA: less expensive homes
- Franklin Town, MA: higher priced homes
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