Oak Ridge, Florida Housing Market Prices
Oak Ridge Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 60% below the Florida median$123,819
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Median rent 12% below the Florida median$1,476
Housing Market Overview
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,819 | $311,338 | $248,835 |
| Price Trend (Annual %) | 26.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,476 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oak Ridge is about 60% lower than in Florida. Rent is about 12% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oak Ridge, up about 26.3% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Oak Ridge rose about 58.7% between 2015 and 2024, from $930 to $1,476. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Oak Ridge.
Buying the median-priced home in Oak Ridge costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oak Ridge. The price-to-rent ratio in Florida is about 15.6.
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,819 | $311,338 | $248,835 |
| Median Household Income | $54,303 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oak Ridge rose about 53.9%, while median household income rose about 37.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 26.1% | 57.7% | 58.5% |
| Rental Rate | 62.2% | 27.7% | 31.2% |
| Vacancy Rate | 11.6% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Oak Ridge has a homeownership rate of 26.1%, lower than the Florida average of 57.7%. Its housing vacancy rate is 11.6%, compared with 14.6% in Florida.
Housing Stock
| Metric | Oak Ridge | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1982 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Oak Ridge was built around 1982. On average, 3.0 people live in a home with about 4.5 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oak Ridge, Florida.
What is the median home price in Oak Ridge, Florida?
The median home price in Oak Ridge, Florida is $123,819, lower than the Florida average of $311,338.
What is the average home price in Oak Ridge, Florida?
The typical home price in Oak Ridge, Florida, reported as the median sale price, is $123,819. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oak Ridge, Florida?
The median gross rent in Oak Ridge, Florida is $1,476 per month, lower than the Florida average of $1,668.
What was the median gross rent in Oak Ridge in 2020?
In 2020, the median gross rent in Oak Ridge, Florida was $1,102 per month.
What is the price-to-rent ratio in Oak Ridge, Florida?
The price-to-rent ratio in Oak Ridge, Florida is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oak Ridge.
Are home prices or rent rising faster in Oak Ridge, Florida?
Both home prices and rent are rising in Oak Ridge, up about 26.3% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oak Ridge, Florida?
26.1% of households in Oak Ridge, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Oak Ridge, Florida?
The housing vacancy rate in Oak Ridge, Florida is 11.6%, lower than the Florida average of 14.6%.
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