37830, Oak Ridge, TN

The 37830 zip code of Oak Ridge, TN is located in the Knoxville metropolitan area. The median home value in this zip code is $128,000. The home equity index for this zip code is 95.4%. This means that the average homeowner in this zip code has over $128,000 of equity in their home. This high level of equity is likely due to the strong economy and low interest rates currently experienced by homeowners in this area.

Oak Ridge has been experiencing a boom in home prices and home equity since the early 2000s. At that time, Oak Ridge was experiencing a growth in both population and jobs, which led to an increase demand for housing and increased prices for homes within the city limits. Since then, Oak Ridge's economy has continued to grow at a rapid pace, which has led to even higher home values and more equity among homeowners.

As of 2016, there were 2,839 households residing within the 37830 zip code boundaries. Of these households, 97% were owner-occupied while 3% were occupied by renters. The average household size was 2.92 people (based on 2016 data). In terms of race/ethnicity, 69% of all households were white while 26% were black or African American (based on 2016 data). Additionally, 18% of all households were Hispanic or Latino (based on 2016 data).