Oliver Springs, TN Profile: Facts & Data

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Oliver Springs, Tennessee - Basic Facts

The Town of Oliver Springs had a population of 3,243 as of July 1, 2023.

The primary coordinate point for Oliver Springs is located at latitude 36.0445 and longitude -84.3444 in Roane County. The formal boundaries for the Town of Oliver Springs encompass a land area of 5.56 sq. miles and a water area of 0 sq. miles. Roane County is in the Eastern time zone (GMT -5).

While the primary coordinates for Town of Oliver Springs are located in Roane County, it should be noted that the formal boundaries for this community also extend into Anderson County, and Morgan County.

The Town of Oliver Springs has a P1 Census Class Code which indicates populated place that is also an incorporated place with the same name and the same census code. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Oliver Springs is located within Commissioner District 4, a minor civil division (MCD) of Roane County.


Jump to... (On This Page!)
  1. Oliver Springs 2023 Demographic Data
  2. Growth Rates for Oliver Springs (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2023 Demographics
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Oliver Springs, TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 3,243 (100%)
Population in Households 3,243 (100.0%)
Population in Families 2,612 (80.5%)
Population in Group Quarters1 0
Population Density 562
Diversity Index2 19
 
 

INCOME

Median Household Income $55,154
Average Household Income $69,254
% of Income for Mortgage4 20%
Per Capita Income $29,192
Wealth Index5 54
Socioeconomic Status Index6 Moderate (51.2)
 

HOUSING

Total HU (Housing Units) 1,494 (100%)
Owner Occupied HU 1,109 (74.2%)
Renter Occupied HU 258 (17.3%)
Vacant Housing Units 127 ( 8.5%)
Median Home Value $180,074
Average Home Value $228,832
Housing Affordability Index3 127
 

HOUSEHOLDS

Total Households 1,367
Average Household Size 2.37
Family Households 887
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.51% -0.38%
Households -0.40% -0.32%
Families   -0.39%
Median Household Income   4.61%
Per Capita Income   3.47%
Owner Occupied HU   -0.20%

Oliver Springs, TN - Peer Comparisons by Rank and Percentile

The table below compares Oliver Springs to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 153 70th
Population Density # 202 60th
Median Household Income # 211 58th
Housing Affordability Index # 308 61st
Per Capita Income # 274 46th
Diversity Index # 341 32nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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