$782,515Average Value$405Average Price per Sq Ft9Homes For Sale
Living in Oakwood, a preserved 19th-century Raleigh neighborhood
Oakwood, one of Raleigh’s oldest neighborhoods, showcases preserved 19th-century architecture along its tree-lined streets. Bordering downtown Raleigh, this community is steps from the city center, but enjoys a close-knit, residential environment. Highly rated Wake County schools serve the area, and two private colleges – Saint Augustine’s University and William Peace University – are on either side of Oakwood. You can also walk to community mainstays like SmokeStacks Cafe and Side Street Restaurant, plus the Historic Oakwood Cemetery and Oakwoods Common Park.
Some of the city's best known residents are buried here.
Local politicians can be found having lunch at the Side Street Restaurant in Oakwood.
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Historic homes with a neighborhood emphasis on preservation
Oakwood’s shaded streets, laid out in a grid pattern, have an established feel. “You can drive down Oakwood and see trees that you can’t even put your arms around,” says Jacquelyn Raynor, Realtor at Long & Foster. Homes from the mid-19th and early 20th centuries line the street, including Queen Anne, Victorian and Neoclassical Revivals. Many homes feature elaborate latticework, wraparound porches and colorful paint jobs. There are also smaller, hundred-year-old bungalows and New Traditional homes built in recent decades. “It’s a great example of the new mixed with the historic,” says Ryan Sabatini, a Broker with Rich Realty Group who has been selling in the area for five years.
Homeowners here have to abide by historic preservation restrictions. Any changes to a home's exterior must be approved by the city’s Historic Development Commission.
The Painted Ladies overlook the Historic Oakwood Cemetery.
Oakwood has well-preserved, historic homes close to downtown Raleigh.
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Home prices and cost of living in Historic Oakwood
Homes typically sell for between $500,000 and $1.1 million in Oakwood. Smaller bungalows and cottages usually land in the lower end of the range, while spacious, updated homes represent the higher end. Oakwood’s median sale price is in the low $800,000s, higher than Raleigh’s median, which is in the mid-$400,000s. However, the neighboring community of Mordecai has a similar median, in the upper $700,000s. About half of Oakwood's residents are renters.
Commuting to downtown Raleigh on foot or bike
Since Oakwood borders downtown Raleigh, it’s easy to bike or walk into the city center. GoRaleigh buses also service stops along Lane Street in Oakwood. For farther trips, U.S. Route 401 connects to Interstates 440 and 40, Raleigh’s beltline around the city. These major roadways connect Raleigh-Durham International Airport and Research Triangle Park, though traffic can be heavy during peak hours.
Oakwood is a walkable neighborhood close to downtown.
There are a few GoRaleigh bus stops in Oakwood.
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Finding parking in Historic Oakwood
Although most homes in Oakwood don’t have garages, many properties have private driveways or off-street parking. There is also street parking, but it can be competitive during events like the Oakwood Candlelight Tour. Surface lots just outside the neighborhood can accommodate more parking when necessary.
Highly rated Wake County schools and several universities nearby
Oakwood is located just between two private colleges: William Peace University and Saint Augustine’s University. North Carolina State University, a public institution with more than 40,000 total students enrolled, is about 2 miles east.
Younger students may attend the Wake County Public School System. They may begin at Powell Elementary School or Conn Magnet Elementary School before continuing to Oberlin Middle School and Broughton High School. All of these schools earn high ratings from Niche.
Broughton High School is located in Raleigh's Village District.
Powell Elementary School is a nearby magnet school.
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Community events include the annual Candlelight Tour
The Society for the Preservation of Historic Oakwood hosts the Candlelight Tour each year during the holidays, opening 10 historic properties in the neighborhood to visitors. In the spring, the Garden Club Tour offers a peek into several private gardens. The route even features curated teas to sample along the way.
Neighborhood parks and restaurants are within walking distance
Around the block from the North Carolina Executive Mansion, Side Street Restaurant is a family-run favorite in Oakwood. Here, you can stop in for soups, salads and sandwiches in a cozy space with art-covered walls. “Side Street has been there forever. It’s in an old house. It’s so charming,” Raynor says. Other neighborhood amenities within walking distance include:
Oakwood Commons Park, a small neighborhood park with a playground
Oakwood Cemetery, a historic space for contemplation and education
Krispy Kreme’s second-oldest location, serving hot, freshly made doughnuts
SmokeStacks Cafe, another longstanding spot for casual meals
SmokeStacks Cafe is a family-owned restaurant in Oakwood.
Oakwood Commons Park covers 0.1 acres in Historic Oakwood.
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
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Crime and Safety
1 - Low Crime, 10 - High Crime
Oakwood
US
Homicide
4
4
Sexual Assault
5
4
Assault with Weapon
5
4
Robbery
4
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
6
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Oakwood Demographics and Home Trends
On average, homes in Oakwood, Raleigh sell after 29 days on the market compared to the national average of 55 days. The median sale price for homes in Oakwood, Raleigh over the last 12 months is $750,000, consistent with the median home sale price over the previous 12 months.
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Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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