Why Live in Oakwood
Oakwood, a primarily residential neighborhood in Lynchburg, is situated 4 miles from downtown and offers convenient access to major medical centers, a country club, and Randolph College. The area features winding roads and well-manicured yards with homes set back on medium to large lots, surrounded by oak, maple, and sycamore trees. Housing styles include ranch, Cape Cod, Colonial Revival, and new historicism, with many homes dating back to the 1920s and 1940s. Oakwood is known for its mix of longtime residents and young families. E.C. Glass High School, which has a high rating, serves the area and offers an extensive arts program. Rivermont Avenue connects Oakwood to downtown and Randolph College, where residents can enjoy lifelong learning classes and the Dorothy Crandall Bliss Botanic Garden. The neighborhood is car-dependent but has bus stops and bike lanes along Rivermont Avenue and the Blackwater Creek Trail. Local features include the Oakwood Country Club, which offers a pool, tennis courts, and dining, and the nearby Boonsboro Country Club with its top-rated 18-hole golf course. Shopping and dining options are available along Rivermont Avenue and at the Peakland Crossing Shopping Center. Cultural attractions include the Maier Museum of Art at Randolph College, which showcases internationally acclaimed artists. The neighborhood is safer than the national average, making it a practical choice for families and individuals seeking a suburban lifestyle close to city amenities.
Frequently Asked Questions
Is Oakwood a good place to live?
Oakwood is a good place to live. Oakwood is considered very car-dependent with minimal transit options. Oakwood is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Oakwood has 1 park for recreational activities. It is sparse in population with 1.6 people per acre and a median age of 44. The average household income is $187,234 which is above the national average. College graduates make up 69.8% of residents. A majority of residents in Oakwood are home owners, with 7.4% of residents renting and 92.6% 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.
Is Oakwood, VA a safe neighborhood?
Oakwood, VA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Oakwood?
The median home price in Oakwood is $480,000. If you put a 20% down payment of $96,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,480 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $106K a year to afford the median home price in Oakwood. The average household income in Oakwood is $187K.
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, Lynchburg, VA?
What are the most popular neighborhoods near Oakwood, Lynchburg, VA?
Home Trends in Oakwood, VA
On average, homes in Oakwood, Lynchburg sell after 31 days on the market compared to the national average of 50 days. The median sale price for homes in Oakwood, Lynchburg over the last 12 months is $475,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$475,000
Median Single Family Sale Price
$434,900
Average Price Per Sq Ft
$163
Number of Homes for Sale
4
Last 12 months Home Sales
29
Median List Price
$480,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%