The story of this market
The typical home in ZIP 37831 sells for about $397,000, or $272 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 37831 — Oak Ridge
The 37931 housing market remains resilient, characterized by steady price appreciation and a balanced inventory level. Sustained demand from professionals linked to the regional research and technology sectors continues to drive market activity. While interest rates have influenced buyer behavior, the area's strong economic fundamentals support a stable outlook.
This ZIP is ideal for families and professionals working in the research and technology sectors who value suburban amenities and proximity to both Knoxville and Oak Ridge. It offers a balance of established neighborhoods and newer residential developments.
Median prices moved up 2.4% year over year.
Homes spend a median of 54 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 5.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 37931, Knox County TN
Crime rates in the 37931 area are generally lower than the Knoxville city average, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safer than the urban core.
Schools serving this ZIP are part of the Knox County School District, which generally maintains moderate to high performance ratings. Several elementary and middle schools in the area are highly regarded for their academic programs.
The area faces moderate risk from severe thunderstorms and occasional wind events, typical of East Tennessee. Flood risks are localized to specific low-lying areas near creeks, and standard homeowner insurance policies are generally available.
Economic momentum is driven by proximity to the Oak Ridge National Laboratory and the University of Tennessee research corridor. Infrastructure improvements along the Pellissippi Parkway continue to support residential and commercial expansion.
Property taxes are assessed by Knox County based on the appraised value of the property. The jurisdiction utilizes a consolidated tax rate that includes county and municipal components, with no state-level personal income tax on wages.
Residents primarily commute via the Pellissippi Parkway (I-140) and I-40, providing direct access to downtown Knoxville and the Oak Ridge employment hubs. Average commute times are approximately 25-30 minutes.
The area features extensive access to the Fort Loudoun Lake waterfront, numerous greenways, and local parks like Concord Park. Shopping and dining are concentrated along the Kingston Pike corridor.
The rental market is characterized by steady demand from professionals and students, with moderate vacancy pressure. Short-term rental activity is present but regulated by local zoning ordinances.
The economy is anchored by the nearby Oak Ridge National Laboratory, the University of Tennessee, and a growing healthcare sector. The area benefits from a diverse mix of technology, research, and retail industries.
The area is served by a network of major highways including I-40 and I-140, with limited public transit options. Commuting is heavily reliant on personal vehicles.
Development is focused on mixed-use residential projects and commercial expansion along the Kingston Pike and Pellissippi Parkway corridors.
The Knox County Property Assessor conducts periodic reappraisals to ensure property values align with market conditions.
Parcels are subject to Knox County property taxes and may fall within specific utility districts for water and sewer services.
Property insurance premiums are stable, though coverage for wind and hail damage is a standard consideration for homeowners in the region.
Data retrieved from data.census.gov ZCTA-level tables.
- Sky Zone Trampoline Park4.49.5 mi
- K1 Speed Knoxville411.6 mi
- Urban Air Trampoline and Adventure Park411.7 mi
- Chuck E. Cheese4.113.4 mi
- Breakout Games4.910.9 mi
- Neyland Stadium4.719.7 mi
- Thompson-Boling Arena at Food City Center4.619.7 mi
- Historic Brushy Mountain State Penitentiary4.712.3 mi
- Topgolf Knoxville4.39.6 mi
- Knoxville Convention Center4.519.7 mi
- Historic Brushy Mountain State Penitentiary4.712.3 mi
- Regal Pinnacle4.59.9 mi
- Aspire4.79.6 mi
- Main Event Knoxville4.312.3 mi
- Cinemark Tinseltown Oak Ridge4.60.8 mi
- Historic Brushy Mountain State Penitentiary4.712.3 mi
- Sunsphere4.519.7 mi
- Knoxville Museum of Art4.719.6 mi
- Museum of Appalachia4.716.2 mi
- Brushy Mountain State Penitentiary Cemetery4.712.1 mi
- Aspire4.79.6 mi
- McFee Park4.812.2 mi
- Concord Cove Park4.713 mi
- Concord Park4.712.8 mi
- Mayor Bob Leonard Park4.710.3 mi
- Twin Cove Resort and Marina4.519.8 mi
- Norris Dam Marina4.617.8 mi
- Mountain Lake Marina & Campground4.518.5 mi
- Sun Life Marinas - Concord Marina4.512.7 mi
- Fort Loudoun Marina4.614.8 mi
- Topgolf Knoxville4.39.6 mi
- Dead Horse Lake Golf Course4.211 mi
- Centennial Golf Course45.1 mi
- Knoxville Municipal Golf Course3.812.8 mi
- Oak Ridge Country Club4.63.8 mi
- Turkey Creek4.59.8 mi
- Kroger Marketplace4.312.1 mi
- Publix Super Market at Turkey Creek4.69.8 mi
- Marshalls4.39.6 mi
- Kohl's4.310.9 mi
- McGhee Tyson Airport4.420.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large waterfront park with trails, boat ramps, and sports fields.
Major recreational lake serving the region for boating and fishing.
Major regional shopping and dining destination bordering the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.