Oak Ridge, TN

Population: 29,593
Average annual home appreciation rate: -2.04%
Total of homes for sale in this market:
Median home price: $132,259
Median Rent: $541 per room
Home price range: 39.13% of homes are between $96,001 – $193,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 69.60%
Number of vacant homes: 11.34%
Number of renters: 33.63%
Number of owner occupied: 66.37%
Number people living below poverty level: 16.34%
Unemployment rate: 8.40%
Is this area perfect for real estate deals going on right now? There is always opportunity for savvy real estate investors in a market that has been ‘down’ for some time. With lower home prices, great rental rates, and multiple vacant properties available on the market, the Oak Ridge area could be a perfect storm for investors.

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