Oakwood Terrace, Libertyville, IL
Oakwood Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Oakwood Terrace, Libertyville, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Oakwood Terrace Neighborhood Overview
Oakwood Terrace is a residential neighborhood in the desirable village of Libertyville, Illinois. Characterized by its quiet, tree-lined streets and well-maintained homes, it offers a classic suburban atmosphere. The community is known for its strong sense of neighborhood and convenient access to Libertyville's vibrant downtown.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around family, community, and outdoor recreation. The neighborhood is close to Cook Memorial Park and the extensive Des Plaines River Trail system for biking and walking. Downtown Libertyville, just a short drive away, provides boutique shopping, diverse dining, and community events throughout the year.
Real Estate Market
The real estate market in Oakwood Terrace is stable and sought-after, reflecting its prime location. The U.S. Census reports a median home value of approximately $517,700 for the area. Homes here typically consist of single-family residences on spacious lots, appealing to families and professionals.
Schools & Education
Families in Oakwood Terrace are served by the highly-regarded Libertyville School District 70 for elementary and middle school, and Libertyville High School (District 128). These schools are consistently ranked among the top in the state, providing a strong academic foundation for students.
Transportation & Connectivity
The neighborhood offers excellent connectivity for commuters and travelers. Major routes like Route 176 and I-94 are easily accessible, providing direct links to Chicago, O'Hare Airport, and other northern suburbs. The nearby Libertyville Metra station offers a reliable rail commute to downtown Chicago.
Why Choose Oakwood Terrace
Oakwood Terrace combines upscale suburban living with a welcoming, established community feel. With top-tier schools, a robust median household income of about $166,229, and proximity to both nature and amenities, it represents a premier choice in Lake County. It is ideal for those seeking a high-quality of life in a picturesque setting.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Oakwood Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $518K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $166K |
| Homeownership Rate | 84.6% |
| Renter-Occupied | 15.4% |
| Rental Vacancy Rate | 9.2% |
| Market Type | Buyer's |
| Market Tier | Luxury |
| Primary ZIP Code | 60048 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Oakwood Terrace, Libertyville
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Oakwood Terrace, Libertyville, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-13