Why Live in Oakwood
Oakwood, part of the Oakwood-Chimborazo Historic District in Richmond's East End, is a neighborhood rich in history and architectural charm. Developed in the late 1800s with the advent of trolley lines, it features a mix of Italianate, Queen Anne, and Victorian-inspired townhouses from the late 19th and early 20th centuries, as well as mid-1900s single-family homes. The area is known for its walkability and proximity to the vibrant Church Hill district, a hub for shopping and dining. Local highlights include Oakwood Playground, which offers a pirate-themed playground, sports fields, and a running path, and the historic Oakwood Cemetery, a popular spot for walking and exercise. Grocery shopping is convenient with The Market at 25th and ChimboMart nearby, while big box stores like Target and Walmart are about 3 miles away. Dining options include Alewife, Riverbend Roastery, and Soul N' Vinegar, each offering unique culinary experiences. Annual events in the nearby Church Hill area, such as the Church Hill Irish Festival and the Church Hill Spring Fest & Market, add to the community spirit. Oakwood is well-connected with major highways like I-95 and I-64, and public transit via GRTC buses. The neighborhood is safer than the national average, making it a practical choice for residents.
Frequently Asked Questions
Is Oakwood a good place to live?
Oakwood is a good place to live. Oakwood is considered car-dependent and somewhat bikeable with some transit options. Oakwood is a suburban neighborhood. Oakwood has 6 parks for recreational activities. It is fairly dense in population with 14.9 people per acre and a median age of 36. The average household income is $59,164 which is below the national average. College graduates make up 15.2% of residents. A majority of residents in Oakwood are renters, with 64.1% of residents renting and 35.9% 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 $275,000. If you put a 20% down payment of $55,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $61K a year to afford the median home price in Oakwood. The average household income in Oakwood is $59K.
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, Richmond, VA?
What are the most popular neighborhoods near Oakwood, Richmond, VA?
Are home prices dropping in Oakwood?
Yes, home prices in Oakwood are down 90% in the last 12 months.
Home Trends in Oakwood, VA
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.
Median Sale Price
$161,900
Median Single Family Sale Price
$240,000
Average Price Per Sq Ft
$197
Number of Homes for Sale
3
Last 12 months Home Sales
5
Median List Price
$275,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
-90%