Oak Hill, TN housing market
Homes typically sell in 68 days, below asking.
Home values, sales, trends and how Oak Hill compares with the towns next door — updated as new data is published.
Oak Hill at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Oak Hill rose 54% over the past 5 years, slower than across Tennessee (60%). Last year prices rose 4.9%. Carrying the Census median home value forward with that index puts the typical Oak Hill home at roughly $2,034,000 today.
Show as a table
| Year | Change that year | Since 2000 | Tennessee since 2000 |
|---|---|---|---|
| 2025 | +4.9% | +297% | +186% |
| 2024 | −1.9% | +278% | +180% |
| 2023 | +11% | +286% | +167% |
| 2022 | +21% | +246% | +149% |
| 2021 | +11% | +186% | +105% |
| 2020 | +4.4% | +157% | +80% |
| 2019 | +5.3% | +146% | +72% |
| 2018 | +5.9% | +134% | +63% |
| 2017 | +6.3% | +121% | +52% |
| 2016 | +8.3% | +108% | +42% |
| 2015 | +7.5% | +92% | +34% |
| 2014 | +10% | +78% | +28% |
| 2013 | +6.9% | +62% | +23% |
| 2012 | +0.5% | +52% | +21% |
| 2011 | −1.2% | +51% | +23% |
| 2010 | −3% | +53% | +26% |
| 2009 | −1.4% | +57% | +30% |
| 2008 | +1.6% | +60% | +34% |
| 2007 | +6.1% | +57% | +33% |
| 2006 | +12% | +48% | +28% |
| 2005 | +10% | +32% | +20% |
| 2004 | +7.1% | +19% | +12% |
| 2003 | +2.9% | +12% | +8.2% |
| 2002 | +3.3% | +8.4% | +6.3% |
| 2001 | +5% | +5% | +3.8% |
| 2000 | — | — | — |
How Oak Hill ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 37220, 37204, 37027, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
17 new homes permitted in 2025
Builders were permitted 17 new homes in Oak Hill in 2025, all single-family houses, worth about $32.2 million to build. That's 3.7 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Oak Hill has permitted 246 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Oak Hill gained 362 residents while 143 new homes were permitted: about 2.5 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
How Oak Hill ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $12.8 million |
| 2025 | 17 | 17 | 0 | $32.2 million |
| 2024 | 31 | 31 | 0 | $66.2 million |
| 2023 | 25 | 25 | 0 | $41.7 million |
| 2022 | 28 | 28 | 0 | $35.8 million |
| 2021 | 29 | 29 | 0 | $35.3 million |
| 2020 | 28 | 28 | 0 | $32.8 million |
| 2019 | 28 | 28 | 0 | $29.7 million |
| 2018 | 23 | 23 | 0 | $17.2 million |
| 2017 | 22 | 22 | 0 | $27.5 million |
| 2016 | 15 | 15 | 0 | $14.1 million |
| 2015 | 28 | 28 | 0 | $24.7 million |
| 2014 | 11 | 11 | 0 | $8.9 million |
| 2013 | 6 | 6 | 0 | $3 million |
| 2012 | 3 | 3 | 0 | $1.3 million |
| 2011 | 3 | 3 | 0 | $3.2 million |
| 2010 | 4 | 4 | 0 | $1.8 million |
| 2009 | 3 | 3 | 0 | $3.4 million |
| 2008 | 6 | 6 | 0 | $8 million |
| 2007 | 16 | 16 | 0 | $14.7 million |
| 2006 | 19 | 19 | 0 | $16.2 million |
| 2005 | 6 | 6 | 0 | $6.8 million |
| 2004 | 8 | 8 | 0 | $6.3 million |
| 2003 | 11 | 11 | 0 | $9.9 million |
| 2002 | 11 | 11 | 0 | $12.7 million |
| 2001 | 3 | 3 | 0 | $1.8 million |
| 2000 | 3 | 3 | 0 | $3.6 million |
How Oak Hill ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Oak Hill and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Oak Hill | +4.9%† | $2,420 | 17 | $215,530 |
| Forest Hills | +3.6%† | $2,230 | 0 | $250,001 |
† FHFA price index change, where Zillow has no home value for the town.
5.6 years of income
The typical Oak Hill home costs about 5.6 years of the town's median household income, more than across Tennessee (4.8 years).
How Oak Hill ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,420
HUD's Fair Market Rent for a two-bedroom in Oak Hill is $2,420 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oak Hill pay a median of $2,286. A two-bedroom takes about 13% of the town's median household income.
Studio $2,110 · 4 bedrooms $3,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37027, 37204, 37220; Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.