Similar to nearby areas, it's significantly less expensive compared to the US as a whole. However it's somewhat less expensive compared to the city of Knoxville.
Home prices
The value of the median home in Oliver Springs is $119,300. It is roughly $4,200 (3%) lower compared to the surrounding areas.It is about $98,200 (45%) lower in comparison to the entire country, and in comparison to the city of Knoxville is about $17,000 (12%) lower.
Rents
The median rent in Oliver Springs is $723 per month. This is roughly $50 (7%) higher compared to the surrounding areas.It is about $339 (31%) lower in comparison to the US as a whole, and is about $122 (14%) lower compared to the city of Knoxville.
Nearby places
Coalfield
Coalfield is Oliver Springs's neighbor to the west. Its real estate prices are somewhat more expensive. Coalfield's median home price is $127,100, which works out to $7,800 (6%) higher than Oliver Springs. Its rents are somewhat more expensive. In Coalfield the median rent is $808 a month, which works out to $85 (10%) higher than Oliver Springs.
Oak Ridge
Oak Ridge is roughly 5 miles south of Oliver Springs. Its real estate prices are a little more expensive. The median home in Oak Ridge costs $155,800, which works out to $36,500 (23%) higher than Oliver Springs. Rent there is a little more expensive. Oak Ridge's median rent is $806 a month, which comes out to $83 (10%) higher than Oliver Springs.
Clinton
Clinton is roughly 10 miles northeast from Oliver Springs. The housing prices there are a bit more expensive. The price of the median home in Clinton is $165,700, which works out to $46,400 (28%) higher than Oliver Springs. Rents there are fairly similar. Clinton's median monthly rent is $702, which comes out to $21 (2%) lower than Oliver Springs.
Oakdale
Oakdale is approximately 11 miles west from Oliver Springs. The real estate prices there are substantially less expensive. The median home in Oakdale costs $65,900, which comes out to $53,400 (81%) lower than Oliver Springs. Its rents are significantly less expensive. The median rent in Oakdale is $475 per month, which is $248 (52%) lower than Oliver Springs.
Wartburg
Wartburg is roughly 13 miles west from Oliver Springs. Real estate prices there are a bit less expensive. The median home in Wartburg costs $103,000, which is $16,300 (15%) lower than Oliver Springs. Rent there is a little less expensive. The median monthly rent in Wartburg is $575, which is $148 (25%) lower than Oliver Springs.
