Oakwood, OH
Population 9,480 · Ohio
About Oakwood, OH
Oakwood is a small town located in Ohio with a population of 9,480 residents according to the latest US Census Bureau American Community Survey data. The median household income is $158,968 per year, which is 112% above the national median of $75,149. The median age of 38.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oakwood features a median home value of $350,100, which is 43% above the national median of $244,900. This positions Oakwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,320, 13% above the national average of $1,163/month. Of the 3,746 total housing units, 80% are owner-occupied (2,774 units) and 20% are renter-occupied (708 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oakwood shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oakwood have an average one-way commute time of 21.2 minutes.
Education & Demographics
75.1% of Oakwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.2% White, 0.9% Hispanic or Latino, 0.2% Black or African American, and 0.4% Asian residents, with 4.3% of the population being foreign-born.
How Oakwood Ranks in Ohio
Cost of Living in Oakwood, OH
Compared to national averages, Oakwood has a median household income of $158,968 (112% above the national median of $75,149). Home values average $350,100, which is 43% above the national median. Monthly rent at $1,320 is 13% above the US average of $1,163. Within Ohio, Oakwood's income is 121% above the state average of $71,814, and home values are 101% above the state median of $174,449.
Why Live in Oakwood, OH?
Oakwood offers a strong local economy with a median household income of $158,968, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 75.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.2%, better than the national average, and short commute times averaging just 21.2 minutes.
Oakwood has a population of 9,480 with a median age of 38.9 years. Compare Oakwood with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Oakwood
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Madeira | 9,454 | $168,981 | $463,600 | Compare |
| Beckett Ridge | 9,451 | $120,179 | $297,300 | Compare |
| Girard | 9,521 | $42,861 | $105,700 | Compare |
| Louisville | 9,560 | $58,269 | $192,700 | Compare |
| North College Hill | 9,564 | $63,031 | $125,200 | Compare |
| Canal Winchester | 9,659 | $112,474 | $314,800 | Compare |
| Wapakoneta | 9,867 | $61,628 | $146,000 | Compare |
| East Liverpool | 9,869 | $37,262 | $78,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oakwood With Other Cities
Frequently Asked Questions about Oakwood
What is the population of Oakwood, OH?
The population of Oakwood, OH is 9,480 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Oakwood?
The median household income in Oakwood, OH is $158,968 per year, which is 112% above the national median of $75,149.
What is the median home value in Oakwood?
The median home value in Oakwood, OH is $350,100, which is 43% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakwood?
The median monthly rent in Oakwood, OH is $1,320, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Oakwood?
The unemployment rate in Oakwood, OH is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oakwood, OH a good place to live?
Oakwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,480 and a median age of 38.9, the city appeals to a broad range of residents.
How educated is Oakwood, OH?
75.1% of residents in Oakwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Oakwood?
Key cost-of-living indicators for Oakwood, OH: median home value is $350,100 (43% above national), median rent is $1,320/month, and median household income is $158,968. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oakwood?
The poverty rate in Oakwood, OH is 3.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oakwood, OH?
Oakwood's population is 0.2% White, 0.9% Hispanic or Latino, 0.2% Black or African American, 0.4% Asian, and 0.5% two or more races. 4.3% of residents are foreign-born.