Home Price Key
Affordable
Average
Expensive
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 $215,842, lower than the Tennessee average of $218,916.
The average cost of rent is $961/mo in Oak Ridge, primarily driven by the current value of real estate in the Oak Ridge area. While nearly 46.16% of residents own their homes outright in Oak Ridge, 33.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oak Ridge is $6,495 per month. Households that rent pay about 14.79% of their income on rent here. Oak Ridge's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
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: less expensive homes
- Briceville, TN: less expensive homes
Cities with Similar Populations
- Shelbyville, TN: less expensive homes
- Englewood, FL: higher priced homes
- Ephrata, PA: equally priced homes
- Erie, CO: higher priced homes
- Fairmont, WV: less expensive homes
- Ferry Pass, FL: less expensive 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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