Oak Hill Tennessee Area Home Supply Charts

This page looks at a variety of Oak Hill Tennessee housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Oak Hill depicts it has a Housing Units of 1,984 which is in the middle range of other places in the metro area.

Figure 2 illustrates the housing density in the Oak Hill housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Oak Hill shows it has a Housing Density of 252.8 which is the second smallest when ranked by housing density of all the other places in the local area. The city with the highest housing density in the area is Berry Hill which depicts a density of 1584.3 ( quite a bit bigger). Comparing housing density to the United States average of 39.5, Oak Hill is substantially bigger. Also, benchmarked against the state of Tennessee, housing density of 72.9, Oak Hill is approximately 3.5 times bigger.

In Figure 4, Oak Hill area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Oak Hill depicts it has a Housing Unit Change of 4.0% which is less than most other places in the local area. The city with the highest change in the housing units in the area is Berry Hill which indicates a housing units of 240.0% ( markedly bigger). Comparing change in the housing units to the United States average of 7.4%, Oak Hill is approximately half the size. Also, benchmarked against the state of Tennessee, change in the housing units of 7.1%, Oak Hill is approximately half the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Oak Hill indicates it has a Renter Percent of 4.3% which is less than most other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 95.7% which is the third most of all other places in the metro area.

Oak Hill Tennessee Home Cost Charts

Looking at the housing data provided in Figure 7, the average Oak Hill home price is illustrated for this community and a useful analysis of affordable housing. Oak Hill depicts it has a Median Home Value of $801,900 which is the third most of all other places in the local area. The city with the highest median home price in the area is Belle Meade which shows a home price of $1,662,100 (about twice as large). Figure 8 provides aggregate comparative data for the Oak Hill Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Oak Hill depicts it has a Median Gross Rent of $1,842 which is less than most other places in the metropolitan area. The city with the highest rental rates in the area is Forest Hills which depicts a rental rates of $3,501 (about twice as large). Comparing rental rates to the United States average of $1,163, Oak Hill is 58.4% larger. Also, measured against the state of Tennessee, rental rates of $951, Oak Hill is about twice as large.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Oak Hill has the percentage of home price worth between $1,500,000 to $2,000,000 in the center range of other places in the greater region at 11% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Oak Hill depicts it has a Median Owner Cost of $2,382 which is the third most median ownership cost of all other places in the greater Oak Hill region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Oak Hill metro area. it has a Owner Cost as % of HH Income of 14% which is the second smallest in terms of cost as a percent of household income of all the other places in the greater region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Oak Hill depicts it has a Median Home Value as Percent of Median Earnings of 922% which is the second most median home value as a percent of median worker earnings of all the places in the greater Oak Hill region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Oak Hill shows it has a Median Owner Costs-With Mortgage of $3,224 which is the third most of all other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $933 which is the third most median housing cost of all other places in the greater Oak Hill region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Oak Hill has the largest proportion of owner cost between $500 and $700 at 16% of the total and is ranked #1. Second, it has the second smallest as measured by owner cost less than $300 of all the other places in the greater region as measured by owner cost between $1,000 and $1,500 at 7% of the total. Third, it has the largest proportion of owner cost between $2,500 and $3,000 at 10% of the total and is ranked #1. Also, it has one of the largest proportions of owner cost between $3,500 and $4,000 at 24% of the total and is ranked #2. The only larger city being Belle Meade with 39%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Oak Hill depicts it has a % of Income Owner Costs-With Mortgage of 18% which is the second smallest when sorted by cost as a percent of household income of all the other places in the metro area. The city with the highest cost as a percent of household income in the area is Berry Hill which depicts a cost as a percent of household income of 21% (14.1% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Oak Hill indicates it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the places in the greater Oak Hill region. The city with the highest cost as a percent of household income in the area is Berry Hill which shows a cost as a percent of household income of 17% (about twice as large).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Oak Hill has the percentage of rent as a percent of income is less than 10 pct in the mid range of other places in the local area at 25% of the total. Second, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the metropolitan area in terms of rent as a percent of income is between 10pct to 20pct at 5% of the total. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 30% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Oak Hill has the largest proportion of housing cost between $500 and $700 at 16% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $4,914 which is the third most median real estate taxes paid of all other places in the greater Oak Hill region. The city with the highest median real estate taxes paid in the area is Belle Meade which depicts a taxes paid of $10,001 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, Oak Hill is about twice as large. Also, in comparison with the state of Tennessee, median real estate taxes paid of $1,270, Oak Hill is approximately 3.9 times bigger.

Figure 23 shows the rental rate distribution for this area. Oak Hill Tennessee has the percentage of rent between 750 and 1000 dollars the second smallest when ranked by rent less than 300 dollars of all the other places in the metro area at 5% of the total. Second, it has one of the largest proportions of rent between 1000 and 1500 dollars at 47% of the total and is ranked #2. The only larger city being Berry Hill with 65%.

Oak Hill Tennessee Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Oak Hill has the percentage of With mortgage the second smallest when sorted by With Mortgage of all the other places in the greater region at 38% of the total. Second, it has the largest proportion of No 2nd Mortgage or HELOC at 17% of the total and is ranked #1. Third, it has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 16% of the total and is ranked #1. Also, it has one of the largest proportions of With HELOC no Primary Mortgage at 45% of the total and is ranked #2. The only larger city being Belle Meade with 52%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Oak Hill has one of the largest proportions of houses with mortgages at 45% of the total and is ranked #2. The only larger city being Belle Meade with 52%.

Oak Hill Tennessee Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is less than most other places in the metro area. The city with the highest family members per housing unit in the area is Nolensville which shows a family members per housing unit of 3.7 (20.0% larger). Comparing family members per housing unit to the United States average of 3.3, Oak Hill is about 8.3% smaller. Also, in contrast to the state of Tennessee, family members per housing unit of 3.2, Oak Hill is only about 4.6% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 10.0 which is at the top of all other places in the greater Oak Hill region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1958 which is the second smallest when sorted by year built of all the other places in the greater region. The city with the highest year built in the area is Berry Hill which depicts a year built of 2013 (only about 2.8% larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later less than most other places in the metro area at 6% of the total. Second, it has the smallest proportion of homes built between 2010 to 2019 at 2% of the total. Third, it has the second smallest as measured by homes built in 2020 or later of all the other places in the local area as measured by homes built between 2000 to 2009 at 7% of the total. Also, it has the second smallest as measured by homes built in 2020 or later of all the other places in the local area when sorted by homes built between 1990 to 1999 at 3% of the total. In addition, it has the largest proportion of homes built between 1960 to 1969 at 43% of the total and is ranked #1. Furthermore, it has the largest proportion of homes built between 1950 to 1959 at 10% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the local area at 79 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $2,000,001 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $979,200 of the total and is ranked #3. Only #2 Belle Meade ($2,000,001), and #1 Forest Hills ($2,000,001) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $1,651,800 of the total and is ranked #2. The only larger city being Belle Meade with $1,888,200. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $651,300 of the total and is ranked #3. Only #2 Forest Hills ($1,072,900), and #1 Belle Meade ($1,500,000) are larger. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $645,400 of the total and is ranked #3. Only #2 Forest Hills ($842,400), and #1 Belle Meade ($2,000,001) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $752,500 of the total and is ranked #3. Only #2 Forest Hills ($801,200), and #1 Belle Meade ($1,718,800) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $706,200 of the total and is ranked #3. Only #2 Forest Hills ($829,200), and #1 Belle Meade ($1,250,000) are larger. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $1,129,300 of the total and is ranked #3. Only #2 Forest Hills ($1,175,000), and #1 Belle Meade ($1,333,300) are larger. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $1,365,400 of the total and is ranked #2. The only larger city being Belle Meade with $1,578,800.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Oak Hill residents. it has a Owner-Household Size of 2.7 which is in the middle range of other places in the metropolitan area. The city with the highest homeowner household size in the area is Nolensville which depicts a homeowner household size of 3.5 (31.1% larger).

Figure 37 shows the household size for renters. Oak Hill shows it has a Renter-Household Size of 2.1 which is the second smallest in order of renter household size of all the other places in the local area. The city with the highest renter household size in the area is Nolensville which depicts a renter household sizes of 3.2 (50.2% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest in terms of owners moved in 2019 or later of all the other places in the area at 18% of the total. Second, it has the largest proportion of owners moved in 2000 to 2009 at 18% of the total and is ranked #1. Third, it has the largest proportion of owners moved in 1990 to 1999 at 15% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Oak Hill has the smallest proportion of renters moved in 2019 or later at 38% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is the smallest in order of median year that a home owner moved in of all the other places in the greater region. Figure 41 compares the median year that renters moved into their home. Oak Hill depicts it has a Renter Median Year Moved In of 2020 which is ranked #1 of all places in the greater Oak Hill region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas in the mid range of other places in the greater region at 28% of the total. Second, it has the largest proportion of homes using coal or coke at 1% of the total and is ranked #1. Third, it has the largest proportion of homes using solar energy at 0% of the total and is ranked #1.