Oakwood
Historic homes at an affordable price
Homebuyers have a few options, including detached Italianate, Queen Anne and Victorian-inspired townhouses built in the late 19th and early 20th centuries and single-family homes erected in the mid-1900s. "A lot of homes in Oakwood, they have a tendency, this is not a hard and fast rule, because there are no hard and fast rules in the neighborhood as a whole, but they tend to be a touch more stately, they tend to be detached," says Chamberlain, who's been selling in the Richmond area for nine years. "If you're gonna catch a garage in the neighborhood, there's a decent chance it's gonna be further back in the neighborhood." He also notes that real estate in Oakwood tends to be a bit more affordable than surrounding neighborhoods. Small updated two- to three-bedroom cottages, bungalows and ranch-style homes start around $200,000, while renovated townhouses with three beds and two-and-a-half baths can go for more than $520,000. There are some investment properties in the area, with interwar period three-bedroom townhouses needing repairs selling in the lower 200,000s. More affordable are one- to three-bedroom units in the Villas of Oakwood condominium complex, which range from $90,000 to $140,000.
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Sports fields, running path at Oakwood Playground
In the northern corner of the neighborhood is Oakwood Playground, a community park with a pirate-themed playground, shade structures, a football/soccer field and a half-mile running path. The playground is adjacent to the historic Oakwood Cemetery, a 176-acre burial ground founded in 1855 and maintained by the Richmond city government. Many locals utilize the cemetery's extensive paved pathways to get some exercise or walk their dogs.
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Trendy Church Hill shops and restaurants within walking distance
Oakwood is a residential neighborhood, but plenty of shopping and dining options are just a short walk or drive away. About 1 mile outside of town is The Market at 25th, a community grocery store that partners with local farmers and makers to source its products. ChimboMart is another grocery store option, about half a mile from the community. Along with grocery store staples at an affordable price, the shop stocks fresh produce and in-house butchered meats. And for big box stores like Target and Walmart, residents can head about 3 miles east of town. Oakwood is also near several beloved eateries, including Alewife, a Mid-Atlantic seafood spot with a weekly changing menu. Richmonders also rave about Riverbend Roastery, a locally owned café known for its specialty seasonal drinks and house-baked pastries goods. Soul N' Vinegar is another favorite, specializing in healthy yet flavorful foods inspired by the owner's Korean and southern roots.
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Weekend-long Church Hill Irish Festival
Several popular annual events are held in Church Hill throughout the year, including the weekend-long Church Hill Irish Festival, where vendors, performers and hundreds of revelers donning green flood the streets to celebrate St. Patrick's Day. The Church Hill Spring Fest & Market is sponsored by the Church Hill Association, a community group aiming to enhance the community while honoring its history. More than two dozen local businesses show up at the fair to sell locally sourced or handmade goods like honey and pottery. It's hosted on a Saturday each May in nearby Libby Hill Park, one of Richmond's first parks.Richmond Public Schools offers mentorship, leadership program
Students may belong to the Richmond Public Schools district, which includes Chimborazo Elementary School, graded a C on Niche, Martin Luther King Jr. Middle School, graced a D-plus, and Armstrong High School, graded a C-minus. Armstrong High School, home of the Wildcats, offers the opportunity for students to participate in the Armstrong Leadership Program, which helps prepare them for success during and after high school through mentorship and leadership development.
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I-95, I-64 are nearby
Oakwood's location near several major highways makes it easy for residents to maneuver throughout the Greater Richmond Area. U.S. Interstate Highway 95 runs north and south, connecting Virginia to other states along the East Coast, while U.S. Interstate Highway 64 runs east and west past Richmond International Airport, about 8 miles away. Other nearby major roads are U.S. Routes 60 and 360. Public transit is also easily accessible, with Greater Richmond Transit Company (GRTC) buses picking up throughout the neighborhood.
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Written By
Kayla Koslosky
Photography Contributed By
Miguel Karroum
Video By
Alex Jacobsen
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Agents Specializing in this Area
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Alyssa Devereaux
Alyssa Devereaux
Compass
(804) 409-4911
61 Total Sales
1 in Oakwood
$215,000 Price
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Melanie Lucero
Melanie Lucero
Responds QuicklyReal Broker, LLC
(442) 245-8121
56 Total Sales
1 in Oakwood
$245,000 Price
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Ernie Chamberlain
Ernie Chamberlain
Hometown Realty
(804) 676-6939
506 Total Sales
6 in Oakwood
$180K - $420K Price Range
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Dawn Roy
Dawn Roy
Open Gate Realty Group
(804) 999-4748
63 Total Sales
3 in Oakwood
$23K - $315K Price Range
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James Nay
James Nay
River City Elite Properties
(804) 609-2378
990 Total Sales
3 in Oakwood
$138K - $335K Price Range
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James Ransone
James Ransone
Long & Foster REALTORS
(804) 944-8275
64 Total Sales
1 in Oakwood
$327,500 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 6th to 8th
- Public
- Pre-K to 5th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Montrose Heights Playground
- Baseball/Softball
- Basketball
- Playground
Gillies Creek Park
- Baseball/Softball
- Bike Trails
- Disc Golf
Chimborazo Park
Oakwood Playground
- Picnic Area
- Playground
Chimborazo Park
- Basketball
- Grills
- Picnic Area
Bill Robinson Park
- Baseball/Softball
- Basketball
- Tennis
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Oakwood | US |
|---|---|---|
| Homicide | 5 | 4 |
| Sexual Assault | 3 | 4 |
| Assault with Weapon | 4 | 4 |
| Robbery | 4 | 4 |
| Burglary | 4 | 4 |
| Motor Vehicle Theft | 3 | 4 |
| Larceny | 3 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
Oakwood Demographics and Home Trends
On average, homes in Oakwood, Richmond sell after 160 days on the market compared to the national average of 70 days. The median sale price for homes in Oakwood, Richmond over the last 12 months is $161,900, down 90% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$275,000
Median Sale Price
$161,900
Median Single Family Sale Price
$240,000
Median Change From 1st List Price
14%
Last 12 months Home Sales
5
Median Home Sale Price YoY Change
-90%
Average Price Per Sq Ft
$197
Neighborhood Facts
Number of Homes in Neighborhood
592
Number of Homes for Sale
3
Median Year Built
1948
Months of Supply
7.20
Average Single Family Home Size Sq Ft
1,400
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
807
Average 2 Bedroom Size Sq Ft
794
Average 1 Bedroom Size Sq Ft
611
Median Lot Size Sq Ft
3,920
Open Houses
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Saturday, Aug 26 - 8pm
Distribution of Home Values
Homes for Sale
Homes for Rent
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$1,174 - $1,450 per month
- The Villas of Oakwood
- 2 Beds
- 1 Bath
- 780+ Sq Ft
- 3508 E Richmond Rd
- Richmond, VA
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Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,427
Median Age
36
Population Density
15 ppl/acre
Population under 18
25.6%
On par with the national average
23.8%
Population over 65
11.8%
Below the national average
19.1%
Finances
Median Household Income
$44,078
Significantly below the national average
$71,702
Average Household Income
$59,164
Education and Workforce
High School Graduates
90.8%
College Graduates
15.2%
Below the national average
34.1%
Advanced Degrees
8.3%
Below the national average
13.3%
% Population in Labor Force
66.1%
Weather
Annual Precipitation
45''
Average Winter Low Temperature
29°F
Average Summer High Temperature
89°F
Annual Snowfall
5''
Area Factors
Somewhat Bikeable
Bike Score®
41
/ 100
Car-Dependent
Walk Score®
32
/ 100
Some Transit
Transit Score®
35
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Chimborazo
Historic neighborhood of single-family homes less than 2 miles from downtown RVA
Church Hill
One of Richmond's oldest neighborhoods, with history and original homes
Church Hill North
A modern Richmond neighborhood with historic roots
Creighton
An up-and-coming Richmond neighborhood on the brink of revitalization
Woodville
Growing community within walking distance of Church Hill amenities
Reviews
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