Why Live in Oak Ridge
Oak Ridge was one of the nation’s best-kept secrets at its founding in 1942, and it still enjoys this reputation today. Known as the Secret City, Oak Ridge was a restricted military compound during WWII as the U.S. government worked to assemble a functioning atomic bomb. In just two and a half years, the population boomed from mostly farming families to more than 75,000 residents working to support the mission to enrich uranium. As WWII ended, Oak Ridge shifted from military to civilian control and became a self-governing town. Today, it's a proud community of 31,400 residents blending suburban calm, historical significance and a thriving outdoor culture. Oak Ridge's scientific heritage still influences its top-rated STEM schools, high-tech, high-wage jobs, and innovative new technology, notably the soon-to-be-built Hermes reactor, aimed at demonstrating affordable, clean nuclear heat production. U.S. Department of Energy facilities cover 62 of the town's 92 square miles. The remainder of Oak Ridge includes quiet residential areas near shopping and parks. This town continues to evolve while retaining its charm as Tennessee’s Secret City, situated 22 miles west of Knoxville. “We’ve
Home Trends in Oak Ridge, TN
On average, homes in Oak Ridge, TN sell after 31 days on the market compared to the national average of 50 days. The median sale price for homes in Oak Ridge, TN over the last 12 months is $365,500, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$365,500
Median Single Family Sale Price
$375,000
Median Townhouse Sale Price
$310,000
Median 2 Bedroom Sale Price
$316,500
Average Price Per Sq Ft
$196
Number of Homes for Sale
102
Last 12 months Home Sales
684
Median List Price
$379,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%