Oak Ridge, TN Real Estate
According to census data in the year 2000 there were 13,417 housing units in Oak Ridge.
This represents a 5.7% growth from 12,694 in 1990.
Of those housing units, 12,654 were located in either urbanized areas or urban clusters, and 763 were located in what is classified as a rural area.
Homeownership rate in Oak Ridge is about 68.6%.
Oak Ridge's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Oak Ridge were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 10.30% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 37.20% |
| Four Bedrooms | 17.40% |
| Five Bedrooms or more | 5.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $98,200 |
| Median Price asked for vacant units | $80,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $389 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 44.80% |
| Debt Free | 45.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
