Why Live in Oakwood
Oakwood, one of Raleigh’s oldest neighborhoods, is known for its 19th-century architecture and historic charm. Located adjacent to downtown Raleigh, Oakwood features a blend of historic and contemporary homes, including Queen Anne, Victorian, Neoclassical Revivals, American Vernacular, and Foursquare styles. The neighborhood is characterized by pastel-painted homes with white picket fences and lush front yard gardens. Oakwood is home to highly rated schools such as Powell Elementary, Conn Magnet Elementary, Oberlin Magnet Middle, Ligon Middle, and Broughton Magnet High. The area includes Oakwood Commons Park, with its playscape and picnic areas, and LeVelle Moton Park, which offers basketball courts and playgrounds. The 72-acre Historic Oakwood Cemetery, established in 1869, provides a serene space for walks and community events. The Society for the Preservation of Historic Oakwood hosts annual tours, including the Candlelight Tour and the Garden Club Tour. Dining options within the neighborhood include Side Street Restaurant, Oakwood Pizza Box, and SmokeStacks, while grocery needs can be met at Weaver Street Market and the nearby Publix Super Market. Oakwood is well-connected, with downtown Raleigh less than a one-minute drive away and Raleigh-Durham International Airport approximately 14 miles away. The neighborhood also benefits from GoRaleigh bus stops for public transportation.
Frequently Asked Questions
Is Oakwood a good place to live?
Oakwood is a good place to live. Oakwood is considered somewhat walkable and very bikeable with good transit options. Oakwood is a suburban neighborhood. Oakwood has 6 parks for recreational activities. It is somewhat dense in population with 11.0 people per acre and a median age of 39. The average household income is $143,733 which is above the national average. College graduates make up 66.7% of residents. A majority of residents in Oakwood are renters, with 50.4% of residents renting and 49.6% 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.
Is Oakwood, NC a safe neighborhood?
Oakwood, NC is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Oakwood?
The median home price in Oakwood is $399,000. If you put a 20% down payment of $79,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K a year to afford the median home price in Oakwood. The average household income in Oakwood is $144K.
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:
- Saint Mary's School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.6.
- Cathedral School has a student teacher ratio of 17:1 and an average review score of 3.8.
What are the most popular zip codes in Oakwood, Raleigh, NC?
What are the most popular neighborhoods near Oakwood, Raleigh, NC?
Are home prices dropping in Oakwood?
Yes, home prices in Oakwood are down 20% in the last 12 months.
Home Trends in Oakwood, NC
On average, homes in Oakwood, Raleigh sell after 48 days on the market compared to the national average of 70 days. The median sale price for homes in Oakwood, Raleigh over the last 12 months is $324,000, down 32% from the median home sale price over the previous 12 months.
Median Sale Price
$324,000
Median Single Family Sale Price
$404,900
Median Townhouse Sale Price
$259,990
Average Price Per Sq Ft
$250
Number of Homes for Sale
5
Last 12 months Home Sales
65
Median List Price
$399,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-32%