Oak Ridge, TN is a great place for homeowners due to its high house median value of $258,700 and the impressive one year house appreciation rate of 21.68%. This is almost three times higher than the US 1 year house appreciation rate of 8.27%. Therefore, homeowners in Oak Ridge are able to benefit from investing in housing more so than other places in the US. Additionally, the housing median value is significantly lower than the US median value of $338,100, making it a much more affordable option for many people.
The median home cost in Oak Ridge is $258,700. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Oak Ridge is up 27.0%.
Average Age of Homes
- The median age of Oak Ridge real estate is 56 years old
The Rental Market in Oak Ridge
- Renters make up 34.6% of the Oak Ridge population
- 2.0% of houses and apartments in Oak Ridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.