Why Live in Oak Ridge
Oak Ridge, known as the Secret City, has transformed from a WWII-era military compound into a thriving civilian town with a population of 31,400. Located 22 miles west of Knoxville, Oak Ridge is steeped in historical significance and scientific heritage, influencing its highly rated STEM schools, including Oak Ridge High School. The town features a mix of remodeled WWII-era alphabet homes, midcentury basement ranch-style houses, split levels, and new subdivisions of 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. Haw Ridge Park provides 30 miles of trails for hiking, biking, and horseback riding. Retail options range from big box stores like Walmart and JCPenney to unique shops in Jackson Square. Dining highlights include Big Ed’s Pizza, named the best pizza in Tennessee by Reader’s Digest. Cultural events such as the Lavender Festival and performances by the Oak Ridge Playhouse and Symphony Orchestra enrich community life. Despite its past 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, making it a practical choice for families. The town enjoys a humid subtropical climate with hot summers and mild winters.
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 $366,847, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$366,847
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
104
Last 12 months Home Sales
692
Median List Price
$379,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%