Oak Ridge, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oak Ridge Neighborhoods Since 2000




Oak Ridge, NC Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oak Ridge Housing Market Information

With 6,671 people, 2,244 houses or apartments, and a median cost of homes of $322,200, 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.

Single-family detached homes are the single most common housing type in Oak Ridge, accounting for 96.66% of the town's housing units. Other types of housing that are prevalent in Oak Ridge include mobile homes or trailers ( 2.66%).

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 91.40% of Oak Ridge's homes, and 77.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oak Ridge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oak Ridge built between 2000 and later ( 41.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.65%). There's also some housing in Oak Ridge built before 1939 ( 6.09%).

Oak Ridge Home Appreciation Rates

Appreciation rates for homes in Oak Ridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.52%, which ranks in the top 50% nationwide. This equates to an annual average Oak Ridge house appreciation rate of 0.15%.

Over the last year, Oak Ridge appreciation rates have trailed the rest of the nation. In the last twelve months, Oak Ridge's appreciation rate has been 2.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak Ridge were at 0.02%, which equates to an annual appreciation rate of 0.09%.

Relative to North Carolina, our data show that Oak Ridge's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$322,200

Oak Ridge, NC HOME PRICES

Value Range
> $1,087,000 1.2
$815,001 - $1,087,000 1.1
$544,001 - $815,000 10.7
$435,001 - $544,000 12.6
$326,001 - $435,000 24.4
$217,001 - $326,000 25.2
$109,001 - $217,000 20.2
$54,001 - $109,000 2.7
$0 - $54,000 2.0

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
14.3618891362944 6.35208711433757

Number Of Homes And Apartments:
2,244

Oak Ridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.54% 1.14% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 91.40
Renters 8.60
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Oak Ridge HOMES
2000 or Newer 41.5
1970 - 1999 44.8
1940 - 1969 7.7
1939 or Older 6.1

Types of Homes

TYPE OF Oak Ridge HOMES
Single-Family 96.7
Townhomes 0.0
Small Apt. Buildings 0.7
Apt. Complexes 0.0
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Oak Ridge HOMES
No Bedroom 0.00
1 Bedroom 1.39
2 Bedrooms 10.82
3 Bedrooms 40.49
4 Bedrooms 37.15
5 or more bedrooms 10.14