Home Values

Oak Ridge Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$118,900

  • 8.7% 1-year change
  • 3.2% 1-year forecast

The median home value in Oak Ridge is $118,900. Oak Ridge home values have gone up 8.7% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Oak Ridge is $83, which is lower than the Knoxville Metro average of $104. The median price of homes currently listed in Oak Ridge is $149,900 while the median price of homes that sold is $113,090.

Foreclosures will be a factor impacting home values in the next several years. In Oak Ridge 3.5 homes are foreclosed (per 10,000). This is greater than the Knoxville Metro value of 1.8 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oak Ridge is 3.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oak Ridge homeowners underwater on their mortgage is 17.2%, which is higher than Knoxville Metro at 14.7%.

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Relative ZHVI
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Oak Ridge Market Overview

Data through Aug 31, 2014
  • $118,900 ZHVI
  • 3.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $149,900 Median listing price
  • $113,090 Median sale price
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Oak Ridge Market Health

Data through Aug 31, 2014
  • 7.1/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.5 homes Oak Ridge
1.8 homes Knoxville Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Farragut $305,000
Powell $144,000
Kingston $143,000
Name Median ZHVI
Clinton $129,500
Loudon $116,500
Oliver Springs $93,300
Name Median ZHVI
Harriman $89,800
Lenoir City $82,100
Lake City $81,200

Listings & Sales

Data through Aug 31, 2014
  • $83 Median list price / sq ft
  • $73 Median sale price / sq ft
  • 35.7% Listings with price cut
20.6%
Sold below listing
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Oak Ridge Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,000 Oak Ridge
    $1,020 Knoxville Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.68 Rent list price / sq ft
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