The story of this market
The typical home in Oak Ridge, Tennessee sells for about $397,695, or $182 per square foot.
Prices are up +17.3% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,700 a month.
Monthly price momentum
Home values since 2015
-0.4%
TN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Oak Ridge, Tennessee
Oak Ridge is experiencing steady, measured price appreciation driven by its stable employment base centered on scientific research. While the market has seen significant year-over-year price growth, it remains more affordable than the national average, attracting buyers seeking value and proximity to the Knoxville metro area. Inventory remains tight, contributing to a competitive environment for well-priced properties.
No ARED county foreclosure postings attributed to Oak Ridge yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.6% year over year.
Homes spend a median of 50 days on market with 0.3 months of supply — a fast-moving market.
2% of listings have cut prices · homes sell at 10.09% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 12.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A landmark institution highlighting the city's unique history and scientific contributions, serving as a major cultural anchor.
A significant recreational asset providing miles of waterfront trails that enhance local quality of life and property desirability.
Oak Ridge is well-suited for families, professionals working in the scientific and research sectors, and those seeking a stable, community-oriented environment with proximity to Knoxville without the higher costs of the metro core.
The city is served by the Oak Ridge School District, which is generally regarded for its strong academic focus and historical ties to the city's scientific community.
The city is connected to the broader Knoxville region via major highway corridors, with a typical commute time of approximately 21.7 minutes.
The city features extensive outdoor amenities including the Melton Lake Greenway, various parks, and access to water-based recreation, which are central to the local lifestyle and property appeal.
The rental market is characterized by steady demand driven by the scientific and research workforce, with rents showing consistent growth and moderate vacancy pressure.
The economy is heavily influenced by the Oak Ridge National Laboratory and the Department of Energy, fostering a high-tech and research-oriented industry mix with strong long-term stability.
The city's economy is anchored by the Oak Ridge National Laboratory and related scientific and energy research sectors, providing a stable employment base that drives consistent housing demand.
The city is served by the Oak Ridge School District, which is a primary public entity for the area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Tennessee) — Tennessee Property Tax Assessment: Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
Data retrieved from U.S. Census Bureau and Census Reporter.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.