The story of this market
The typical home in ZIP 37840 sells for about $399,950, or $182 per square foot.
Prices are up +4% from a year ago, so sellers still have some momentum. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $682 a month.
ZIP 37840 — Oliver Springs
The Oak Ridge housing market is currently stable, with a median sales price of $399,950 and a moderate pace of sales. Market activity is largely driven by the local research and technology sector, which provides consistent demand for housing in the area.
This area is well-suited for families and professionals working in the scientific and research sectors, offering a balance of suburban living and proximity to major regional employers.
Median prices moved up 4.0% year over year.
Homes spend a median of 56 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 12.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37840, Tennessee
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Oak Ridge schools are generally well-regarded, with the city operating its own independent school system that serves the local population.
The city is historically anchored by the Oak Ridge National Laboratory and the Department of Energy, which continue to drive local economic and research-based development.
Property taxes are assessed at the county level in Anderson and Roane counties, with specific rates determined by the city of Oak Ridge and the respective county jurisdictions.
Residents typically commute to the Oak Ridge National Laboratory or toward the Knoxville employment core via major state routes and highways.
The area features extensive access to outdoor recreation, including Melton Hill Lake, various greenways, and proximity to the Cumberland Trail.
The rental market shows stable demand with a median rent of $1,595 and a limited supply of active rental listings.
The economy is heavily influenced by the Department of Energy, Oak Ridge National Laboratory, and associated technology and research firms.
The area is served by a network of state highways connecting to the broader Knoxville metropolitan transportation infrastructure.
Development is focused on supporting the research and technology sectors, with ongoing infrastructure improvements to accommodate regional growth.
Parcels are subject to municipal taxes from the City of Oak Ridge and county-level assessments from Anderson or Roane counties.
Data sourced from local market reports and census-based summaries.
- Sky Zone Trampoline Park4.416.4 mi
- K1 Speed Knoxville418.7 mi
- Urban Air Trampoline and Adventure Park418.7 mi
- Breakout Games4.917.9 mi
- Sir Goony's Family Fun Center4.317.5 mi
- Historic Brushy Mountain State Penitentiary4.75.3 mi
- Topgolf Knoxville4.316.4 mi
- Aspire4.714 mi
- Sky Zone Trampoline Park4.416.4 mi
- Cotton Eyed Joe3.716.6 mi
- Historic Brushy Mountain State Penitentiary4.75.3 mi
- Cinemark Tinseltown Oak Ridge4.67.6 mi
- Frozen Head State Park4.88.3 mi
- Little Ponderosa Zoo and Rescue4.711.3 mi
- Windrock Bike Park4.93 mi
- Historic Brushy Mountain State Penitentiary4.75.3 mi
- Brushy Mountain State Penitentiary Cemetery4.75.1 mi
- Museum of Appalachia4.718.8 mi
- American Museum of Science and Energy4.57.8 mi
- Children's Museum of Oak Ridge4.66.5 mi
- Frozen Head State Park4.88.3 mi
- Windrock Bike Park4.93 mi
- Melton Hill Park4.511.2 mi
- Melton Lake Park4.710.4 mi
- Haw Ridge Park4.712.5 mi
- Caney Creek RV Resort4.418.6 mi
- Twin Cove Resort and Marina4.518.8 mi
- Norris Dam Marina4.619.1 mi
- Mountain Lake Marina & Campground4.518.4 mi
- Sun Life Marinas - Concord Marina4.519.5 mi
- Centennial Golf Course411.6 mi
- Oak Ridge Country Club4.66.7 mi
- Atomic City Brewing Company4.97.8 mi
- T.J. Maxx4.37.8 mi
- JCPenney4.27.8 mi
- Hammer's Dry Goods - Wartburg4.412.5 mi
- Grove Shopping Center4.27.1 mi
- The Westcott Center4.37 mi
- McGhee Tyson Airport4.427.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive opportunities for boating, fishing, and water-based recreation.
A major scientific research facility that serves as a primary economic anchor for the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.