Why Live in Oaks
Oaks, located in Springfield, is a suburban neighborhood nestled against the northwestern corner of Washington Park. Known for its family-friendly atmosphere and lower-than-average housing prices, Oaks features midcentury ranch and split-level homes with single-car driveways and well-maintained yards. The neighborhood's tree-lined streets and sidewalks add to its suburban charm. Springfield High School, rated highly with an A, and Our Savior's Lutheran School, also highly rated, serve the area, providing strong educational options. Washington Park, a significant local feature, spans over 150 acres and includes playgrounds, tennis courts, historical monuments, and the Washington Park Botanical Garden. Schlitt Park, connected to Owen Marsh Elementary School, offers a popular baseball diamond. The neighborhood is conveniently located near Illinois Route 97, providing easy access to Downtown Springfield, 3 miles northeast, and Abraham Lincoln Capital Airport, 4 miles north. The OSF Children's Hospital of Illinois is just half a mile northwest. Dining options include the Lime Street Café, known for its casual fare and classic diner atmosphere, and various chain restaurants on West Monroe Street. The Thomas Rees Memorial Carillon in Washington Park hosts live musical shows and the annual International Carillon Festival, adding cultural vibrancy to the area. Public transportation is accessible via the Sangamon Mass Transit District, with several bus stops nearby.
Frequently Asked Questions
Is Oaks a good place to live?
Oaks is a good place to live. Oaks is considered somewhat walkable and somewhat bikeable with some transit options. Oaks is a suburban neighborhood. Oaks has 9 parks for recreational activities. It is fairly sparse in population with 5.7 people per acre and a median age of 42. The average household income is $81,141 which is below the national average. College graduates make up 41.4% of residents. A majority of residents in Oaks are home owners, with 43% of residents renting and 57% of residents owning their home. A
local real estate agent serving Oaks can help you decide if this neighborhood is the right one for you. Learn more on our
Oaks neighborhood guide.
How much do you need to make to afford a house in Oaks?
The median home price in Oaks is $445,000. If you put a 20% down payment of $89,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,300 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $99K a year to afford the median home price in Oaks. The average household income in Oaks is $81K.
What are the best public schools in Oaks?
The best public schools that serve Oaks are:
What are the best private schools in Oaks?
The best private schools that serve Oaks are:
What are the most popular zip codes in Oaks, Springfield, IL?
What are the most popular neighborhoods near Oaks, Springfield, IL?
Are home prices dropping in Oaks?
Yes, home prices in Oaks are down 13% in the last 12 months.
Home Trends in Oaks, IL
On average, homes in Oaks, Springfield sell after 32 days on the market compared to the national average of 70 days. The median sale price for homes in Oaks, Springfield over the last 12 months is $431,500, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$431,500
Median Single Family Sale Price
$431,500
Median 2 Bedroom Sale Price
$660,000
Median 1 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$247
Number of Homes for Sale
4
Last 12 months Home Sales
22
Median List Price
$445,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-13%
