Why Live in Oakwoods
Oakwoods in Bloomington features homes primarily built around 1991, with styles including traditional two-stories, split levels, and ranch-style homes. Many of these homes have undergone significant updates, such as roof replacements, making them appealing to buyers. Residents enjoy access to several parks, including Oakwoods Park with its playground and basketball court, and P.J. Irvin Park, which offers a disc golf course and a pavilion. Miller Park, less than 2 miles away, features a zoo and paddleboat rentals on Miller Park Lake. For golf enthusiasts, Prairie Vista and Highland Park golf courses are within a 2-mile radius. Dining and shopping options are abundant along Veterans Parkway, with popular spots like Tony’s Diner and Lil Beaver Brewery nearby. Grocery needs can be met at Jackson’s Produce or Walmart on West Market Street. Downtown Bloomington, less than 3 miles away, offers unique shops like Red Raccoon Games. The neighborhood is serviced by the Connect Transit bus system and is close to Interstates 55 and 74, providing easy access to St. Louis and Chicago. Community events, such as Food Truck nights and visits from The Bookmobile, foster a strong sense of community. Oakwoods is served by highly rated schools, including Pepper Ridge Elementary School and Normal Community West High School, known for its strong academic and athletic programs. The area has a low crime risk compared to the national average, making it a practical choice for families.
Frequently Asked Questions
Is Oakwoods a good place to live?
Oakwoods is a good place to live. Oakwoods is considered very car-dependent and somewhat bikeable with minimal transit options. Oakwoods has 5 parks for recreational activities. It is somewhat dense in population with 7.7 people per acre and a median age of 38. The average household income is $97,722 which is above the national average. College graduates make up 33.2% of residents. A majority of residents in Oakwoods are home owners, with 26.6% of residents renting and 73.4% of residents owning their home. A
local real estate agent serving Oakwoods can help you decide if this neighborhood is the right one for you. Learn more on our
Oakwoods neighborhood guide.
Is Oakwoods, IL a safe neighborhood?
Oakwoods, IL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Oakwoods?
The median home price in Oakwoods is $389,900. If you put a 20% down payment of $78,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,020 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $87K a year to afford the median home price in Oakwoods. The average household income in Oakwoods is $98K.
What are the best public schools in Oakwoods?
The best public schools that serve Oakwoods are:
What are the best private schools in Oakwoods?
The best private schools that serve Oakwoods are:
What are the most popular zip codes in Oakwoods, Bloomington, IL?
What are the most popular neighborhoods near Oakwoods, Bloomington, IL?
Are home prices dropping in Oakwoods?
Yes, home prices in Oakwoods are down 27% in the last 12 months.
Home Trends in Oakwoods, IL
On average, homes in Oakwoods, Bloomington sell after 37 days on the market compared to the national average of 70 days. The median sale price for homes in Oakwoods, Bloomington over the last 12 months is $376,000, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$376,000
Median Single Family Sale Price
$446,477
Median Townhouse Sale Price
$161,000
Average Price Per Sq Ft
$444
Number of Homes for Sale
0
Last 12 months Home Sales
16
Median List Price
$389,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
17%