The typical owner-occupied home in Oak Ridge is worth about $168,800, 22% below the Louisiana median of $216,500 and 49% below the national median of $332,700. The median household earns $108,438 a year, so the median home costs 1.6 times the median income (3.6 times for Louisiana). 90% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Oak Ridge at a glance
| Oak Ridge | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $168,800 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | $108,438 | $60,756 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 53% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $975 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 12.0% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1975 | 1983 | 1980 |
| Vacant homes | 38.2% | 14.4% | 10.1% |
| Population | 63 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Oak Ridge
At this week's average 30-year rate of 7.11%, buying the median Oak Ridge home of $168,800 with 20% down costs about $1,133 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,415, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,578 for the 20%-down payment. That payment is 13% of the median Oak Ridge household income of $108,438; at that income and 20% down, the 28% guideline points to a home of about $377,000.
| Down payment | $33,760 |
|---|---|
| Loan amount | $135,040 |
| Principal and interest | $908 |
| Property taxes (1.10% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,133 |
Change the numbers in the calculator
| Down payment | $5,908 |
|---|---|
| Loan amount | $165,743 |
| Principal and interest | $1,115 |
| Property taxes (1.10% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $75 |
| Total per month | $1,415 |
Change the numbers in the calculator
Questions about home buying in Oak Ridge
What is the median home value in Oak Ridge?
About $168,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Oak Ridge?
For the median home with 20% down at 7.11%, the payment is about $1,133 a month. Keeping that under 28% of gross income takes about $48,578 a year.
More about Oak Ridge
- Mortgage Refinance in Oak Ridge
- Debt Relief in Oak Ridge
- Home Equity Loans in Oak Ridge
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data