Foreclosure Homes in Oak Ridge, TN 37830

Current Market Conditions in Oak Ridge, TN

The real estate market in Oak Ridge is currently stable, with a mix of single-family homes and townhouses available at varying price points. There has been a steady increase in demand due to the city's unique positioning as a research hub, attracting professionals and families looking to settle in the area.

Home prices in Oak Ridge have seen a moderate appreciation over the past few years, reflecting the area's growth and ongoing development. Investors can find opportunities in both rental properties and long-term investments, as the city's population continues to rise.

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.