Why Live in Oakwood
Oakwood, a neighborhood in Coral Springs, is known for its exceptionally close-knit community, where residents often refer to each other as “best friend neighbors.” This sense of camaraderie is evident in community events like flash mob proposals and Christmas Eve P.J. parties. The neighborhood features two popular parks, Whispering Oaks Park and Oakwood Park, which offer large lawns, playgrounds, and access to the Stranahan River. Homes in Oakwood are primarily contemporary and Spanish Mission-inspired ranches built between 1979 and 1990, with some multi-story Spanish Mission dwellings. These homes sit on manicured lots up to half an acre, with some properties backing up to the river, which is used for kayaking, canoeing, and fishing. Oakwood is particularly appealing due to the absence of HOA requirements and its private neighborhood feel. The neighborhood is served by Broward County Public Schools, which have a high rating. Local shopping and dining options include Cypress Wood Plaza, featuring WAAO! Restaurant & Bakery and Fisho Sushi & Thai. Additional amenities are within a 2-mile radius, including Coral Square Mall and a Publix Super Market. Coral Springs hosts various community events, such as Oktoberfest and a Juneteenth celebration. Oakwood is conveniently located near the Sawgrass Expressway, providing access to Fort Lauderdale, 17 miles away, and Fort Lauderdale-Hollywood International Airport, 26 miles away. While the neighborhood is at high risk for hurricane-force winds, it has minimal flood risk.
Frequently Asked Questions
Is Oakwood a good place to live?
Oakwood is a good place to live. Oakwood is considered car-dependent and bikeable with some transit options. Oakwood is a suburban neighborhood. Oakwood has 6 parks for recreational activities. It is somewhat dense in population with 7.8 people per acre and a median age of 41. The average household income is $118,808 which is above the national average. College graduates make up 36.2% of residents. A majority of residents in Oakwood are home owners, with 19.4% of residents renting and 80.6% of residents owning their home. A
local real estate agent serving Oakwood can help you decide if this neighborhood is the right one for you. Learn more on our
Oakwood neighborhood guide.
How much do you need to make to afford a house in Oakwood?
The median home price in Oakwood is $649,950. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $3,290 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $141K a year to afford the median home price in Oakwood. The average household income in Oakwood is $119K.
What are the best public schools in Oakwood?
The best public schools that serve Oakwood are:
What are the best private schools in Oakwood?
The best private schools that serve Oakwood are:
What are the most popular zip codes in Oakwood, Coral Springs, FL?
What are the most popular neighborhoods near Oakwood, Coral Springs, FL?
Home Trends in Oakwood, FL
On average, homes in Oakwood, Coral Springs sell after 67 days on the market compared to the national average of 52 days. The median sale price for homes in Oakwood, Coral Springs over the last 12 months is $610,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$610,000
Median Single Family Sale Price
$715,000
Median 2 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$272
Number of Homes for Sale
9
Last 12 months Home Sales
43
Median List Price
$649,950
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
11%