Why Live in Oak Ridge
Oak Ridge, TN, originally a secretive military site during WWII, has transformed into a thriving civilian town with a population of 31,400. Known as the Secret City, Oak Ridge boasts a rich historical significance and a strong scientific heritage, influencing its highly rated STEM-focused schools, including Oak Ridge High School. The town is situated 22 miles west of Knoxville and features a blend of remodeled WWII-era alphabet homes, midcentury ranch-style houses, and new Colonial-inspired contemporary homes. Oak Ridge offers numerous attractions, including 16 community parks, 12 greenways, and 173 miles of shoreline along Melton Hill Lake, popular for rowing and other outdoor activities. Haw Ridge Park provides 780 acres of trails for hiking, biking, and horseback riding. Retail options are plentiful, with big box stores like Walmart and unique shops in Jackson Square. Dining highlights include Big Ed’s Pizza, renowned for its simple yet highly praised menu. Cultural events such as the Lavender Festival and performances by the Oak Ridge Playhouse and Symphony Orchestra add to the town's vibrant community life. Despite its historical nuclear activity, ongoing cleanup efforts have contained most contamination within Department of Energy grounds. Oak Ridge's crime rates are on par with the national average, offering a relatively safe environment. The town enjoys a humid subtropical climate with hot summers and mild winters. McGhee Tyson Airport is 26 miles southeast, providing convenient travel options.
Home Trends in Oak Ridge, TN
On average, homes in Oak Ridge, TN sell after 59 days on the market compared to the national average of 70 days. The median sale price for homes in Oak Ridge, TN over the last 12 months is $466,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$466,000
Median Single Family Sale Price
$502,424
Median 2 Bedroom Sale Price
$204,000
Average Price Per Sq Ft
$206
Number of Homes for Sale
8
Last 12 months Home Sales
329
Median List Price
$475,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%