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Foreclosure Homes in Oak Ridge, TN

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Oak Ridge, TN Foreclosures

How much do homes sell for in Oak Ridge, TN?
The average home price is currently $322,025.
In Oak Ridge, TN, how many homes are available?
There are currently 43 active home listings available in Oak Ridge.
What’s the average rental cost in Oak Ridge, TN?
The average rental price in Oak Ridge is $1,351.
What is the most expensive home in Oak Ridge?
The most expensive home sold in Oak Ridge had a price of $10,371,651.
What is currently the cheapest priced home in Oak Ridge, TN?
The cheapest home for sale in Oak Ridge is priced at $13,491.

Living in Oak Ridge, TN

Oak Ridge, TN is a unique city known for its historical significance and community-focused living. With its rich heritage as part of the Manhattan Project, it offers residents a blend of scientific innovation and natural beauty. The area is family-friendly with ample outdoor activities, quality schools, and convenient amenities.

Current Market Conditions in Oak Ridge, TN

The Oak Ridge real estate market has shown resilience over the past few months, with a steady demand for homes amid rising prices. The combination of a strong local economy and the appeal of suburban living has attracted many buyers, making it a favorable market for sellers.

There is an increase in the number of homes being sold in Oak Ridge, with many listings receiving multiple offers, indicating a competitive environment. The prices for single-family homes have risen slightly, reflecting a healthy demand by families and professionals looking to relocate.

Home Value Estimator For Oak Ridge, TN

There are currently 12,250 real estate properties in Oak Ridge, TN, with a median automated valuation model (AVM) price of $272,099.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oak Ridge, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oak Ridge, TN, is $322,025.00, with the most expensive house in Oak Ridge, TN, topping out at $10,371,651.00 and the cheapest home in Oak Ridge, TN, clocking in at $13,491.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak Ridge, TN!

Rent Prices In Oak Ridge, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Ridge, TN, is on a rollercoaster ride. The average rent price in Oak Ridge, TN, is $1,351.00. Indeed, when looking to rent in Oak Ridge, TN, you can expect to pay as little as $510.00 or as much as $3,100.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Oak Ridge, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Oak Ridge, TN Foreclosures

Market Trend for Oak Ridge, TN

Total Listings Available: 43

Market Values:

Home Prices from $13,491 to $10,371,651

Average Sales Price: $322,025

Rental Values:

Rental from $510 to $3,100

Average Rent Value: $1,351 / month

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