Oak Hill, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oak Hill, TN Housing Market Trends

With 4,516 people, 1,668 houses or apartments, and a median cost of homes of $905,671, Oak Hill house prices are not only among the most expensive in Tennessee, Oak Hill real estate also is some of the most expensive in all of America.

Oak Hill is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oak Hill than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Hill. Owner-occupied housing accounts for 96.10% of Oak Hill's homes, and 78.56% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oak Hill's housing was primarily built during this period, from the '40s through the '60s. A full 66.19% of the city's housing hails from this era. Other housing ages represented in Oak Hill include homes built between 1970-1999 ( 16.46%) and housing constructed before 1939 ( 9.78%). There's also some housing in Oak Hill built between 2000 and later ( 7.57%).

Oak Hill Home Appreciation Rates

In the last 10 years, Oak Hill has experienced some of the highest home appreciation rates of any community in the nation. Oak Hill real estate appreciated 76.80% over the last ten years, which is an average annual home appreciation rate of 5.86%, putting Oak Hill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oak Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Oak Hill's appreciation rate, at 6.25%, has been at or slightly above the national average. In the latest quarter, Oak Hill's appreciation rate has been 2.01%, which annualizes to a rate of 8.29%.

Relative to Tennessee, our data show that Oak Hill's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$905,671

Oak Hill, TN HOME PRICES

> $1,219,000
25.6%
25.6%
$914,001 - $1,219,000
17.8%
17.8%
$609,001 - $914,000
30.8%
30.8%
$487,001 - $609,000
12.1%
12.1%
$366,001 - $487,000
6.7%
6.7%
$244,001 - $366,000
4.1%
4.1%
$122,001 - $244,000
0.7%
0.7%
$61,001 - $122,000
0.9%
0.9%
$0 - $61,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TN

Value Relative To Nation

Number Of Homes And Apartments:
1,668

Oak Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
166.44% 4.78%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,556 / per month

Homeownership Rate

Owners
96.1%
96.1%
Renters
3.9%
3.9%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
16.5%
16.5%
1940 - 1969
66.2%
66.2%
1939 or Older
9.8%
9.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
99.4%
99.4%
Townhomes
0.2%
0.2%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.4%
0.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.8%
0.8%
2 Bedrooms
7.1%
7.1%
3 Bedrooms
39.4%
39.4%
4 Bedrooms
39.1%
39.1%
5 or more bedrooms
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Oak Hill

Zip Codes in Oak Hill, TN