The typical owner-occupied home in Oak Ridge is worth about $529,300, 83% above the North Carolina median of $288,900 and 59% above the national median of $332,700. Owners pay a median $3,294 a year in property taxes, about 0.62% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $155,385 a year, so the median home costs 3.4 times the median income (4.0 times for North Carolina). 92% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Oak Ridge at a glance
| Oak Ridge | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $529,300 | $288,900 | $332,700 |
| Median property tax paid per year | $3,294 | $1,896 | $3,119 |
| Property tax as a share of value | 0.62% | 0.66% | 0.94% |
| Median household income | $155,385 | $72,388 | $80,734 |
| Homes lived in by their owners | 92% | 67% | 65% |
| Owner homes with a mortgage | 73% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,393 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 16.2% | 19.4% | 21.0% |
| Median rent | $3,009 | $1,228 | $1,413 |
| Rent as a share of renters' income | 19.4% | 29.5% | 30.6% |
| Median year homes were built | 1997 | 1991 | 1980 |
| Vacant homes | 2.2% | 12.5% | 10.1% |
| Population | 7,744 | 10,730,404 | 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 $529,300 with 20% down costs about $3,343 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,224, 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 $143,251 for the 20%-down payment. That payment is 26% of the median Oak Ridge household income of $155,385; at that income and 20% down, the 28% guideline points to a home of about $574,000.
The median rent here is $3,009 a month, so owning the median home costs about $334 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $105,860 |
|---|---|
| Loan amount | $423,440 |
| Principal and interest | $2,849 |
| Property taxes (0.62% a year) | $273 |
| Homeowners insurance (our estimate, 0.5% a year) | $221 |
| PMI | $0 |
| Total per month | $3,343 |
Change the numbers in the calculator
| Down payment | $18,526 |
|---|---|
| Loan amount | $519,713 |
| Principal and interest | $3,496 |
| Property taxes (0.62% a year) | $273 |
| Homeowners insurance (our estimate, 0.5% a year) | $221 |
| FHA mortgage insurance | $234 |
| Total per month | $4,224 |
Change the numbers in the calculator
Questions about home buying in Oak Ridge
What is the median home value in Oak Ridge?
About $529,300 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 $3,294 a year, which is about 0.62% 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 $3,343 a month. Keeping that under 28% of gross income takes about $143,251 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