Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,178 people, 1,598 houses or apartments, and a median cost of homes of $156,134, Oakwood real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Oakwood, accounting for 30.32% of the city's housing units. Other types of housing that are prevalent in Oakwood include single-family detached homes ( 29.59%), duplexes, homes converted to apartments or other small apartment buildings ( 24.26%), and a few row houses and other attached homes ( 12.23%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Oakwood is dominated by renter-occupied one, two, or no bedrooms apartments. 67.88% of Oakwood's dwellings are rentals.
There is a lot of housing in Oakwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oakwood built between 2000 and later ( 44.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.18%). There's also some housing in Oakwood built before 1939 ( 2.61%).
Vacant housing appears to be an issue in Oakwood. Fully 16.47% of the housing stock is classified as vacant. Left unchecked, vacant Oakwood homes and apartments can be a drag on the real estate market, holding Oakwood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Oakwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.79% during the period.
Appreciation rates are so strong in Oakwood that despite a nationwide downturn in the housing market, Oakwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oakwood appreciation rates continue to be some of the highest in America, at 10.87%, which is higher than appreciation rates in 95.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oakwood. Oakwood appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.
Importantly, this makes Oakwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Oakwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
|$953,001 - $1,271,000||3.4|
|$635,001 - $953,000||1.5|
|$508,001 - $635,000||0.7|
|$381,001 - $508,000||5.1|
|$254,001 - $381,000||6.2|
|$127,001 - $254,000||39.6|
|$64,001 - $127,000||35.6|
|$0 - $64,000||6.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Oakwood HOMES|
|2000 or Newer||44.4|
|1970 - 1999||48.8|
|1940 - 1969||4.2|
|1939 or Older||2.6|
|TYPE OF Oakwood HOMES|
|Small Apt. Buildings||24.3|
|SIZE OF Oakwood HOMES|
|5 or more bedrooms||0.89|