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Oakwood

Oakwood

Suburban Neighborhood in Raleigh, North Carolina

Wake County 27601, 27604

$803,093 Average Value
$417 Average Price per Sq Ft
23 Homes For Sale

Largest intact 19th-century residential neighborhood in the state

One of Raleigh’s longest-standing residential areas, Oakwood is a 19th-century neighborhood full of unique architecture and historic charm. “It’s one of my favorite parts of the city,” says Ryan Sabatini, a Broker with Rich Realty Group who has been selling in the area for three years. “It has a great historical overlay, but it’s also right next to downtown. It’s a great example of the new mixed with the historic.” Homes here are painted in beautiful shades of pastel, with white picket fence-lined front yard gardens. Oakwood also has highly rated schools, an active historic society and a 72-acre cemetery built in 1869 that gives the neighborhood a quiet sense of peace.

There is plenty of classic architecture for all tastes in Oakwood.
There is plenty of classic architecture for all tastes in Oakwood.
Some of the city's best known residents are buried here.
Some of the city's best known residents are buried here.
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Historic homes in every shade

Homes here come in styles including Queen Anne, Victorian and Neoclassical Revivals, all from the mid-to-late 1800s and early 1900s. The Southern variations of these styles often include elaborate latticework and large porches, the latter being a vital addition to mitigate the summer heat in the pre-air conditioning era. Those looking for a more contemporary choice will find plenty of suburban options, like American Vernacular and Foursquare homes. A bungalow built in the 1910s and a 2010s Traditional home will both start at about $500,000 to $600,000. At the high end of the price range, historic estates consisting of three to five bedrooms tend to go for over $1 million. Sabatini notes that in order to maintain the character of the neighborhood, “you might have to get approval from the historic society if you want to make any changes to the homes.”

Some of the oldest Historic homes can be found in their best condition in Oakwood.
Some of the oldest Historic homes can be found in their best condition in Oakwood.
The "painted Ladies" stand guard over Historic Oakwood Cemetery.
The "painted Ladies" stand guard over Historic Oakwood Cemetery.
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Strolling through the peaceful Oakwood Cemetery

Sitting on the corner of a residential street, Oakwood Commons Park offers a small fenced-in playscape, picnic tables and chairs. At LeVelle Moton Park, residents can play a pickup game at the public basketball courts or take their kids to the two playgrounds. The neighborhood borders Historic Oakwood Cemetery, a garden-style burial site with more than 70 acres of park-like grounds and an off-leash area for dogs. “It might seem strange because it’s a cemetery, but it’s a really beautiful place to walk through,” Sabatini says. For more than 150 years, the cemetery has served the surrounding community and includes the resting places of seven governors, five U.S. Senators, eight Supreme Court Chief Justices of North Carolina and more. The cemetery also offers historical tours and community events, such as the Plein Air Drawing and Painting monthly meetup.

Oakwood Commons Park is 0.1 acres located in Historic Oakwood in Raleigh, NC.
Oakwood Commons Park is 0.1 acres located in Historic Oakwood in Raleigh, NC.
Playgrounds for the kids are easily accessible.
Playgrounds for the kids are easily accessible.
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An up-close view of homes and gardens

The Society for the Preservation of Historic Oakwood organizes two annual tours. During the holidays, the Candlelight Tour offers a look inside 10 historic properties throughout the area, complete with docents to provide insight. In the spring, the Garden Club Tour showcases the neighborhood's greenery, accompanied by complimentary glass of sweet tea.

Convenient for dining out or in

Locals can walk to in-neighborhood eateries like Side Street Restaurant or Oakwood Pizza Box to grab a quick bite. Ranging from brunch to dinner with wine pairings, SmokeStacks is a family-owned restaurant with a cozy atmosphere. When it comes to grocery shopping, Weaver Street Market is known for its organic options and food bar. About a mile away is the Publix Super Market on Peace Street.

pizza
pizza
Weaver Street is where Oakwood  locals shop for speciality groceries.
Weaver Street is where Oakwood locals shop for speciality groceries.
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Magnet schools with AP and Honors classes

The Capital District falls within the Wake County Public School System. Students may begin their education at Powell Elementary or Conn Magnet Elementary, both earning a B-plus on Niche. They can then graduate to Oberlin Magnet Middle, with an A rating, or Ligon Middle, which also earns an A. Broughton Magnet High is an A-minus-rated high school that offers 37 Honors courses; 36 International Baccalaureate (IB) Diploma Programme courses and 18 Advanced Placement (AP) courses. The neighborhood is within walking distance of two private colleges, Saint Augustine’s University and William Peace University.

Powell Elementary School is a magnet school in the King Charles neighborhood.
Powell Elementary School is a magnet school in the King Charles neighborhood.
Broughton High School is located in the Cameron Village, neighborhood of Raleigh North Carolina.
Broughton High School is located in the Cameron Village, neighborhood of Raleigh North Carolina.
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The walkable streets of downtown

Downtown Raleigh is less than a one-minute drive from the neighborhood, close enough that a commute to downtown by foot or bike is fairly easy. For public transportation, there are a few GoRaleigh bus stops in Oakwood. And for traveling a bit farther, the Raleigh-Durham International Airport is about 14 miles away via I-40.

Oakwood ia a very walkable neighborhood with close access to downtown.
Oakwood ia a very walkable neighborhood with close access to downtown.
For public transportation, there are a few GoRaleigh bus stops in Oakwood.
For public transportation, there are a few GoRaleigh bus stops in Oakwood.
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Joyelle Ronan
Written By
Joyelle Ronan
Bryan Regan
Photography Contributed By
Bryan Regan
Samantha Houtchens
Video By
Samantha Houtchens

Agents Specializing in this Area

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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

Interested in learning more about homes in this area? Reach out to Elizabeth Cranfill, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Raleigh-Durham International

25 min drive

Bus

N East St & E Lane St

Bus

E Edenton St & N East St

Bus

Tarboro Rd & E Lane St

Bus

E Lane St & Seawell Ave

Bus

E Lane St & Linden Ave

Bus

N East St & E Jones St

Bus

E Edenton St & Idlewild Ave

Crime and Safety

1 - Low Crime, 10 - High Crime Oakwood US
Homicide 5 4
Sexual Assault 5 4
Assault with Weapon 4 4
Robbery 6 4
Burglary 7 4
Motor Vehicle Theft 8 4
Larceny 8 4
Crime Score 6 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$705,000
Median Single Family Price
$850,000
Median Townhouse Price
$650,000
Median 2 Bedroom Price
$489,000
Average Price Per Sq Ft
$417
Number of Homes for Sale
23
Last 12 months Home Sales
50
Months of Supply
5.50
Median List Price
$700,000
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
-17%

Home Facts

Number of Homes in Neighborhood
646
Median Year Built
1928
Avg. Single Family Home Size Sq Ft
2,388
Above the national average
1,935
Average 2 Bedroom Size Sq Ft
1,441
Median Lot Size Sq Ft
4,791

Open Houses

  • Sunday, Apr 27
    2 - 4pm

    130 N Bloodworth St, Raleigh, NC 27601

    $1,495,000

    • 4 Beds
    • 3 Baths
    • 3,111 Sq Ft
    • 130 N Bloodworth St
    • New 3 days ago

    Ready to be WOWED? Love modern grandeur and historic charm? Fully UPDATED/ RENOVATED, a sanctuary of modern elegance nestled in the heart of Historic Oakwood near downtown Raleigh. This exquisite residence spans over 3,400 square feet, artfully designed to offer both luxury and comfort. Step inside to find a harmonious blend of sophistication and functionality. First enter into an ornate

    Agent Photo
    Gretchen Coley
    Compass -- Raleigh
    (984) 370-7252
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  • Sunday, Apr 27
    2 - 4pm

    315 Oakwood Ave, Raleigh, NC 27601

    $1,200,000

    • 3 Beds
    • 2.5 Baths
    • 2,537 Sq Ft
    • 315 Oakwood Ave
    • New 17 days ago

    Live the legacy of Raleigh's storied past at the Miriam Carson Williams House, c.1883, in the heart of Historic Oakwood. Built for North Carolina's first female bank president, this once Victorian side-hall-plan home is rich in character and heritage. In or about 1920 the original structure was enhanced with Charleston-style stacked covered front porches—perfect for enjoying Raleigh's southern

    Sheri Hagerty Hodge & Kittrell Sotheby's Int

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  • Sunday, Apr 27
    2 - 4pm

    321 E Lane St, Raleigh, NC 27601

    $1,100,000

    • 4 Beds
    • 2 Baths
    • 2,740 Sq Ft
    • 321 E Lane St

    Historic Oakwood home in ideal location. Built in 1895, this stunning home lives large on one floor with 4 Bedrooms, 2 full baths, plus office space, renovated kitchen and ample living spaces. Unique trim details, distinctive porch, 4 decorative fireplaces and multiple custom built- ins. Low maintenance back courtyard provides space to garden and opportunity to connect to outdoor spaces with out

    Ellen Nightingale Berkshire Hathaway HomeService

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Elizabeth Cranfill, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has Equal Renters and Owners

Demographics

Total Population
1,956
Median Age
39
Population Density
11 ppl/acre
Population under 18
20.1%
On par with the national average
23.8%
Population over 65
13.1%
Below the national average
19.1%

Finances

Median Household Income
$130,582
Significantly above the national average
$71,702
Average Household Income
$143,733

Education and Workforce

High School Graduates
92.4%
College Graduates
66.7%
Significantly above the national average
34.1%
Advanced Degrees
31.3%
Above the national average
13.3%
% Population in Labor Force
56.7%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Very Bikeable

Bike Score®

83 / 100

Somewhat Walkable

Walk Score®

65 / 100

Good Transit

Transit Score®

66 / 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.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Oakwood
Elizabeth Cranfill
Insight Real Estate
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