Why Live in Oak Ridge
Oak Ridge, located just northwest of Springfield's historic downtown, is a neighborhood rich in history and character. The area features some of Springfield's oldest buildings and monuments, including the city's only public cemetery, Oak Ridge Cemetery, which is the second-most visited cemetery in the U.S. The neighborhood's streets are lined with mature trees and well-maintained sidewalks, showcasing classic bungalows, American Foursquare, Cape Cod, and ranch-style homes, many dating back to the late 19th century. Alleys leading to one-car garages and hobby gardens are a common sight. Oak Ridge offers a range of attractions, including the Lincoln Tomb and Duncan Park, which features pickleball courts, a disc golf course, and a bandshell for live performances. The Springfield Art Association, based in the Edwards Place Historic Home, provides public galleries, classes, and cultural events, including unique offerings like glass blowing. Dining options include the historic Dew Chilli Parlor, serving pub grub for over a century. The neighborhood is also close to Route 97, where chain restaurants and shopping options are available. Springfield High School, which has a high rating, serves the area, and ongoing renovations promise enhanced facilities. Public transportation is accessible via the Sangamon Mass Transit District, and the Abraham Lincoln Capital Airport is just 3 miles away. While Oak Ridge's proximity to downtown and hospitals can result in higher noise levels in some areas, its central location and historical significance make it a unique place to live.
Frequently Asked Questions
Is Oak Ridge a good place to live?
Oak Ridge is a good place to live. Oak Ridge is considered car-dependent and bikeable with some transit options. Oak Ridge is a historic neighborhood. Oak Ridge has 10 parks for recreational activities. It is fairly sparse in population with 5.9 people per acre and a median age of 40. The average household income is $56,258 which is below the national average. College graduates make up 16.7% of residents. A majority of residents in Oak Ridge are renters, with 52.7% of residents renting and 47.3% of residents owning their home. A
local real estate agent serving Oak Ridge can help you decide if this neighborhood is the right one for you. Learn more on our
Oak Ridge neighborhood guide.
How much do you need to make to afford a house in Oak Ridge?
The median home price in Oak Ridge is $80,000. If you put a 20% down payment of $16,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $17K a year to afford the median home price in Oak Ridge. The average household income in Oak Ridge is $56K.
What are the best public schools in Oak Ridge?
The best public schools that serve Oak Ridge are:
What are the best private schools in Oak Ridge?
The best private schools that serve Oak Ridge are:
What are the most popular zip codes in Oak Ridge, Springfield, IL?
What are the most popular neighborhoods near Oak Ridge, Springfield, IL?
Are home prices dropping in Oak Ridge?
Yes, home prices in Oak Ridge are down 1% in the last 12 months.
Home Trends in Oak Ridge, IL
On average, homes in Oak Ridge, Springfield sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Oak Ridge, Springfield over the last 12 months is $75,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$75,000
Median Single Family Sale Price
$75,000
Average Price Per Sq Ft
$68
Number of Homes for Sale
9
Last 12 months Home Sales
49
Median List Price
$80,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%
