The typical owner-occupied home in Oak Ridge is worth about $131,300, 43% below the Missouri median of $230,300 and 61% below the national median of $332,700. Owners pay a median $779 a year in property taxes, about 0.59% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $71,458 a year, so the median home costs 1.8 times the median income (3.3 times for Missouri). 96% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Oak Ridge at a glance
| Oak Ridge | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $131,300 | $230,300 | $332,700 |
| Median property tax paid per year | $779 | $1,948 | $3,119 |
| Property tax as a share of value | 0.59% | 0.85% | 0.94% |
| Median household income | $71,458 | $70,702 | $80,734 |
| Homes lived in by their owners | 96% | 68% | 65% |
| Owner homes with a mortgage | 62% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,075 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1972 | 1978 | 1980 |
| Vacant homes | 10.3% | 11.2% | 10.1% |
| Population | 298 | 6,191,814 | 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 $131,300 with 20% down costs about $826 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,045, 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 $35,394 for the 20%-down payment. That payment is 14% of the median Oak Ridge household income of $71,458; at that income and 20% down, the 28% guideline points to a home of about $265,000.
| Down payment | $26,260 |
|---|---|
| Loan amount | $105,040 |
| Principal and interest | $707 |
| Property taxes (0.59% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $826 |
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| Down payment | $4,596 |
|---|---|
| Loan amount | $128,922 |
| Principal and interest | $867 |
| Property taxes (0.59% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,045 |
Change the numbers in the calculator
Questions about home buying in Oak Ridge
What is the median home value in Oak Ridge?
About $131,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oak Ridge?
Homeowners pay a median $779 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
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 $826 a month. Keeping that under 28% of gross income takes about $35,394 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