City-owned Homes And Land in Oliver Springs, TN

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View this home at Scandlyn Hollow Rd Oliver Springs TN 37840
$237,679 EMV
Scandlyn Hollow Rd
Oliver Springs, TN 37840
EST. RENT: $1,398
AUCTION: 05-29-2024
View this home at Old Harriman Hwy Oliver Springs TN 37840
$216,992 EMV
Old Harriman Hwy
Oliver Springs, TN 37840
EST. RENT: $1,110
AUCTION: 05-01-2024
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Home Value Estimator For Oliver Springs, TN

There are currently 4,166 real estate properties in Oliver Springs, TN, with a median automated valuation model (AVM) price of $197,014.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oliver Springs, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oliver Springs, TN, is $226,288.00, with the most expensive house in Oliver Springs, TN, topping out at $38,355,900.00 and the cheapest home in Oliver Springs, TN, clocking in at $8,501.00. In other words, there’s something for every potential homebuyer or savvy investor in Oliver Springs, TN!

Rent Prices In Oliver Springs, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oliver Springs, TN, is on a rollercoaster ride. The average rent price in Oliver Springs, TN, is $1,014.00. Indeed, when looking to rent in Oliver Springs, TN, you can expect to pay as little as $440.00 or as much as $2,580.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Oliver Springs, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Oliver Springs, TN In 2024

Oliver Springs is located in Roane, Tennessee, with an estimated municipal population of 3,414 residents. All of the best foreclosed homes for sale in Oliver Springs are located in the following zip code areas on 37840. The estimated population per square kilometer (.62 miles) in Oliver Springs is 228.

Cost Of Living In Oliver Springs, TN

So, about how much do homes cost in Oliver Springs? The most recent median value of resident-owned homes in Oliver Springs is 116,815. An estimated 75.6 percent of households in Oliver Springs own their homes, with an average family size of 3.5. The median household income in Oliver Springs is 51,712, with13.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oliver Springs, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Oliver Springs? If so, the average rent price paid by renters in Oliver Springs is 723, according to recent statistics.

Diversity And Demographics In Oliver Springs, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oliver Springs, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oliver Springs is 38.7, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Oliver Springs is 50.4, with an average family size of 3.5.

The percentage of residents who report their race in Oliver Springs is as follows:

White 98.1%
Black / African American 0%
Asian 0.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 0%

Looking for family-friendly neighborhoods in and/or near Oliver Springs? Or maybe you are searching for 55+ active adult communities in and/or near Oliver Springs?

The percentage of residents who report their age in Oliver Springs is as follows:

Under 10 17.8%
Aged 10-19 11.2%
20s 10.2%
30s 12.9%
40s 13.4%
50s 13.2%
60s 12.6%
70s 5.5%
80+ 3.2%

Best Schools In Oliver Springs, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oliver Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oliver Springs.

Pros And Cons Of Living In Oliver Springs, Tennessee

How do you know that living in -- or moving to -- Oliver Springs is right where you need to be? Perhaps you grew up in Oliver Springs or already live nearby; therefore, the decision to buy a home in Oliver Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oliver Springs for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oliver Springs:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oliver Springs.

Reasons To Move To Oliver Springs, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oliver Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oliver Springs, meanwhile, can field multiple offers from more qualified buyers.

Oliver Springs, TN City-owned Homes And Land


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