Oak Ridge, Knoxville, TN—37919
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Ridge, Knoxville, TN
As of Oct '25, the median home price in Oak Ridge, Knoxville, TN is $542,000, with a year-over-year change of 2.2%. This indicates that home prices in Oak Ridge, Knoxville, TN are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $542,000 | 2.2% |
| Single Family | $582,000 | 2.6% |
| Condos | $302,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 2.2% |
2 Bed | $269,000 | 0.7% |
3 Bed | $473,000 | 1.7% |
4 Bed | $803,000 | 3.9% |
| 5 Bed | $1,344,000 | 5.5% |
% of Housing Stock
Rental Trends — Oak Ridge, Knoxville, TN
As of July '25, Rentcast reports the average rent in Oak Ridge, Knoxville, TN is $1,910, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Oak Ridge, Knoxville, TN is studios: $1,440, 1-bedrooms: $1,230, 2-bedrooms: $1,720, 3-bedrooms: $1,920, 4-bedrooms: $3,900. The most common rental property sizes in Oak Ridge, Knoxville, TN are 2-bedroom and 1-bedroom, accounting for 43.5% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,910 |
| Studio Rent | $1,200 | $1,440 |
| 1 Bed Rent | $1,250 | $1,230 |
| 2 Bed Rent | $1,700 | $1,720 |
| 3 Bed Rent | $1,950 | $1,920 |
| 4 Bed Rent | $3,250 | $3,900 |
% of Rental Stock
Property Listings — Oak Ridge, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Ridge, Knoxville, TN is 59. This is a increase of 41.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $741,000 | 27.0% |
Listing Count | 133 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 59 | 41.0% |
Demographics — Oak Ridge, Knoxville, TN
As of the latest ACS Survey released in 2023, Oak Ridge, Knoxville, TN has a population of 31,400, which has increased by 9.7% over the past 5 years. Oak Ridge, Knoxville, TN is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 9.7% |
% Under 18 | 21.8% | 14.7% |
% Seniors | 18.9% | 8.6% |
% WFH | 11.9% | 98.3% |
% w/ College Degree | 58.2% | -1.7% |
As of the latest ACS Survey released in 2023, Oak Ridge, Knoxville, TN is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Oak Ridge, Knoxville, TN is hispanic, making up 8.0% of the population. Foreign-born residents account for 10.3% of the population in Oak Ridge, Knoxville, TN, and this percentage has increased by 87.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.8% | -7.5% |
% Black | 6.2% | 6.9% |
% Hispanic | 8.0% | 63.3% |
% Asian | 3.6% | 80.0% |
% Foreign Born | 10.3% | 87.3% |
Mortgage and Risk — Oak Ridge, Knoxville, TN
According to HUD data as of 2023, there were 563 mortgage originations in Oak Ridge, Knoxville, TN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Oak Ridge, Knoxville, TN. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 563 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Oak Ridge, Knoxville, TN
As of 2024, the percent of homes in Oak Ridge, Knoxville, TN under the Section 8 program is 15.9%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Oak Ridge, Knoxville, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 947 |
Total Units Section 8 | 946 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 80.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,250 | $1,400 |
| 2 Bedroom | $10 | $1,700 | $1,710 |
| 3 Bedroom | $250 | $1,950 | $2,200 |
| 4 Bedroom | -$670 | $3,250 | $2,580 |
Affordability — Oak Ridge, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $542,000 |
| Median Household Income | $71,900 |