Oakwood Heights, Detroit, MI
Oakwood Heights — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Oakwood Heights, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Oakwood Heights Neighborhood Overview
Oakwood Heights is a residential neighborhood located on Detroit's east side. It is characterized by its quiet, tree-lined streets and a mix of historic and newer single-family homes. The community offers a suburban feel within the city limits, providing residents with a sense of space and tranquility.
Lifestyle & Amenities
The neighborhood provides essential local amenities for daily living, with several parks and community spaces offering recreational opportunities. Residents typically travel to nearby commercial corridors or into downtown Detroit for a wider variety of shopping, dining, and entertainment options.
Real Estate Market
The median home value in Oakwood Heights is $381,500, according to U.S. Census Bureau ACS 5-Year Estimates (2022). This indicates a market with substantial property values for the Detroit area, attracting buyers interested in stable residential investment.
Schools & Education
Oakwood Heights is served by the Detroit Public Schools Community District. Families in the area have access to the district's range of public school options, including neighborhood schools and various specialty and charter programs.
Transportation & Connectivity
The neighborhood is conveniently accessed via major arteries like I-94 and Gratiot Avenue, facilitating commutes to downtown Detroit and other regional employment centers. Public transportation is available through the Detroit Department of Transportation bus network serving the east side.
Why Choose Oakwood Heights
Oakwood Heights appeals to those seeking affordable homeownership in a quiet, established Detroit neighborhood with a strong sense of community. The significant contrast between the median home value of $381,500 and the median household income of $22,243, both according to U.S. Census Bureau ACS 5-Year Estimates (2022), suggests a complex economic landscape where long-term residents and new investors coexist.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Oakwood Heights Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Oakwood Heights, Detroit
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Oakwood Heights, Detroit, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — 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 2026-10-15