Oakwood Terrace
Explore Oakwood Terrace — a platted subdivision in Greater Grand Rapids.
“Great schools with outdoor access”
Average schools
- Grand Rapids Public Schools
- 40 rated schools nearby
- Best nearby: 9/10
$285K median
- 1 recent sale
- $62K median household income
- 55% owner-occupied
Park-rich area
- 9 parks within 1 mile
- Ottawa Hills Park: 4 min walk
- Ottawa Hills High School Athletic Fields: 5 min walk
So you're heading into Oakwood Terrace — a ten-acre subdivision tucked right in the heart of Alger Heights, where the homes run around $255K and you're basically a fifteen-minute walk from groceries, coffee, and a solid roster of restaurants. The lots here are tight and efficient at about a sixth of an acre each, which means you're living shoulder-to-shoulder with neighbors in a real neighborhood, not spread out in the sprawl. Ottawa Hills Park is a two-minute walk away, and there are nine parks within a mile, so you've got green space without having to plan a trip.
Mortgage Calculator
Median home price in Oakwood Terrace
Estimated Monthly Payment
$1,935/mo
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. This is not a commitment to lend or an offer of credit. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Lender. NMLS Consumer Access
Your Budget in Oakwood Terrace
Median home price: $285,000
Within reach
Your budget of $234,189 covers many homes here — Oakwood Terrace has options below median too
Tip: Adjusting your down payment or reducing debt can expand your range.
Car loans, student loans, credit cards, etc.
$1,138/mo
Median Rent
1 sold in the past 12 months — homes here go fast
Nearby Schools
Based on 40 rated schools nearby
Range: 1/10 to 9/10
Elementary
26
K-5 nearby
Middle
4
6-8 nearby
High School
13
9-12 nearby
School District: Grand Rapids Public Schools
At a Glance
Recent Sale Price
$285K
1 recent sale
Parcels / Units
51
Median Lot Size
0.14 ac
0.12 ac – 0.39 ac
Median Income
$62K
Household
Environment & Amenities
Flood Risk
None
Not in flood zone
Nearest Park
Ottawa Hills Park
0.1 mi
Parks Nearby
9
within 1 mile
1 sold in the past 12 months — homes here go fast