Oak Ridge, TN—37830
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Ridge, TN
As of Oct '25, the median home price in Oak Ridge, TN is $317,000, with a year-over-year change of 2.7%. This indicates that home prices in Oak Ridge, TN are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.7% |
| Single Family | $320,000 | 2.6% |
| Condos | $205,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $216,000 | 4.3% |
3 Bed | $322,000 | 2.9% |
4 Bed | $437,000 | 2.3% |
| 5 Bed | $564,000 | 2.7% |
% of Housing Stock
Rental Trends — Oak Ridge, TN
As of July '25, Rentcast reports the average rent in Oak Ridge, TN is $1,670, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Oak Ridge, TN is 1-bedrooms: $1,090, 2-bedrooms: $1,520, 3-bedrooms: $2,040, 4-bedrooms: $2,690. The most common rental property sizes in Oak Ridge, TN are 2-bedroom and 1-bedroom, accounting for 38.5% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,090 |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $2,060 | $2,040 |
| 4 Bed Rent | $2,500 | $2,690 |
% of Rental Stock
Property Listings — Oak Ridge, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Ridge, TN is 44. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 2.0% |
Listing Count | 189 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 44 | 13.0% |
Demographics — Oak Ridge, TN
As of the latest ACS Survey released in 2023, Oak Ridge, TN has a population of 32,500, which has increased by 10.4% over the past 5 years. Oak Ridge, TN is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,500 | 10.4% |
% Under 18 | 24.5% | 14.0% |
% Seniors | 19.2% | 0.5% |
% WFH | 13.9% | 183.7% |
% w/ College Degree | 39.2% | 4.8% |
As of the latest ACS Survey released in 2023, Oak Ridge, TN is a predominantly white area, with 80.2% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Oak Ridge, TN is hispanic, making up 6.5% of the population. Foreign-born residents account for 6.5% of the population in Oak Ridge, TN, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.2% | 2.2% |
% Black | 6.2% | -4.6% |
% Hispanic | 6.5% | -3.0% |
% Asian | 2.7% | -15.6% |
% Foreign Born | 6.5% | -16.7% |
Mortgage and Risk — Oak Ridge, TN
According to HUD data as of 2023, there were 680 mortgage originations in Oak Ridge, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Oak Ridge, TN. Investor activity is low, as 4.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 680 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Oak Ridge, TN
As of 2024, the percent of homes in Oak Ridge, TN under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Oak Ridge, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 972 |
Total Units Section 8 | 758 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,000 | $1,150 |
| 2 Bedroom | -$90 | $1,500 | $1,410 |
| 3 Bedroom | -$250 | $2,060 | $1,810 |
| 4 Bedroom | -$350 | $2,500 | $2,150 |
Affordability — Oak Ridge, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $317,000 |
| Median Household Income | $70,800 |