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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oak Ridge, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oak Ridge, NC Housing Market Trends

With 7,749 people, 2,617 houses or apartments, and a median cost of homes of $536,836, Oak Ridge house prices are not only among the most expensive in North Carolina, Oak Ridge real estate also is some of the most expensive in all of America.

Oak Ridge is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oak Ridge than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Ridge. Owner-occupied housing accounts for 93.81% of Oak Ridge's homes, and 84.73% have either three or four bedrooms, which is average sized relative to America.

Oak Ridge homes and real estate are some of the newest in America. 46.37% of Oak Ridge's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Oak Ridge real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.05%), and between 1940-1969 ( 8.08%). There's also some housing in Oak Ridge built before 1939 ( 1.51%).

Oak Ridge Home Appreciation Rates

Real estate appreciation rates in Oak Ridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.

Appreciation rates are so strong in Oak Ridge that despite a nationwide downturn in the housing market, Oak Ridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oak Ridge appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 76.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oak Ridge. Oak Ridge appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.81%.

Relative to North Carolina, our data show that Oak Ridge's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$536,836

Oak Ridge, NC Home Prices
> $1,327,000
$995,001 - $1,327,000
$663,001 - $995,000
$531,001 - $663,000
$398,001 - $531,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
1.3%
1.3%
7.4%
7.4%
23.8%
23.8%
24.3%
24.3%
15.2%
15.2%
12.6%
12.6%
13.1%
13.1%
1.0%
1.0%
1.3%
1.3%
0% 100.0%
% of Homes
Very High

for North carolina

Very High

for nation

Number of Homes And Apartments:

2,617

Oak Ridge Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,750 / per month

Homeownership Rate

Owners
Renters
93.8%
93.8%
6.2%
6.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
46.4%
46.4%
44.1%
44.1%
8.1%
8.1%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
98.4%
98.4%
0.2%
0.2%
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
0.0%
0.0%
3.6%
3.6%
35.6%
35.6%
49.1%
49.1%
11.3%
11.3%
0% 100.0%
% of Homes