Oakwood Terrace
Walkable with great nature access
Median $230K·Walkability 7.0/10·Schools 3.8/10
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.
Why people love it here
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Park-rich area
- 45 parks within 1 mile
- Ottawa Hills Park: 4 min walk
- Ottawa Hills High School Athletic Fields: 5 min walk
$230K median
- 2 recent sales
Conventional Mortgage Calculator
Median home price in Oakwood Terrace
Estimated Monthly Payment
$1,558/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
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. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
SAFARI SUPERMARKET LLC
+1 more
Mineo's Pizza
+1 more
Samboosa Bell
+1 more
Last Chance Tavern & Grill
+1 more
Ottawa Hills Park
+1 more
Unnamed playground
Fisk Lake
+1 more
Unnamed beach
Underground Trail (MTB)
Hillcrest Dog Park
Plaster Creek Trail
Butterworth Park Launch
The Funky Buddha Yoga Hothouse
Kalamazoo/Linwood (NB)
+1 more
Walgreens
Seymour Library
+1 more
My Little Munchkins Childcare Learning Center
Wealthy Theater
Flood Risk
None
Not in flood zone
Nearest Park
Ottawa Hills Park
0.1 mi
Parks Nearby
45
within 1 mile
Recent Sale Price
$230K
2 recent sales
Parcels / Units
51
Median Lot Size
0.14 ac
0.12 ac – 0.39 ac
Based on 20 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Crime in Oakwood Terrace is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Kent County.
Kent County crime & safety stats →To buy a median-priced Oakwood Terrace home (around $229,500) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $41k/year in household income to qualify — an estimated monthly payment of $1,526 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,526/mo | $40,706 |
| 10% (+PMI) | $1,757/mo | $46,865 |
| 5% (+PMI) | $1,835/mo | $48,925 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$844/yr in electricity from a typical rooftop solar system
Produces ~6,158 kWh/yr · offsets ~59% of a typical home's use
City of Grand Rapids Water System
Regional water provider serving ~280,000 across Kent and Ottawa counties.
City of Grand Rapids Environmental Services (Water Resource Recovery Facility)
WRRF treats ~40 MGD of wastewater.
City of Grand Rapids Refuse & Recycling
City-run refuse/recycling cart program for residents.
Consumers Energy Co · ~13.7¢/kWh
Investor-owned utility serving the region.
Confirm by addressDTE Energy
DTE Gas serves much of Grand Rapids natural gas; verify by address.
Confirm by addressServices for Grand Rapids · Source: grandrapidsmi.gov
Utility, solar, and service details for Oakwood Terrace are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
🛒 Grocery(29)
Safari Supermarket Llc
Grocery Store
Grocery Store
Spice of India
Grocery Store
+26 more within 5 miles
🍕 Restaurants(18)
Mineo's Pizza
Restaurant
Taqueria Mr. Chicken
Restaurant
Wing Heaven
Restaurant
Universal Ruth Restaurant and bakery
Restaurant
Burton Village BBQ Company
Restaurant
+13 more within 5 miles
☕ Coffee(18)
+15 more within 5 miles
🍺 Bars(17)
+14 more within 5 miles
🏫 Schools(27)
Ottawa Hills High School
School
Grand Rapids Christian Elementary School–Evergreen Campus
School
Immaculate Heart of Mary School
Mulick Park Elemntary School
+22 more within 5 miles
💪 Gyms(12)
Fitness Center
Blue's Gym
Fitness Center
Planet Fitness
Fitness Center
+9 more within 5 miles
🌳 Parks(4)
+1 more within 5 miles
🐕 Dog Parks(5)
Hillcrest Dog Park
Dog Park
Dog Park in Kragt Plat Area
Dog Park
Wyoming Dog Park Dog Park
Dog Park
+2 more within 5 miles
🚴 Trails(7)
+4 more within 5 miles
⛵ Boat Launches(1)
Boat Launch
🚌 Transit(30)
Transit Stop
Transit Stop
Transit Stop
+27 more within 5 miles
💊 Pharmacies(13)
+10 more within 5 miles
👶 Childcare(3)
🏥 Hospitals(5)
+2 more within 5 miles
📚 Libraries(13)
+10 more within 5 miles
Frequently asked about Oakwood Terrace
- What do homes cost in Oakwood Terrace?
- The median home value in Oakwood Terrace is about $229,500. Individual prices vary by street, size, and condition.
- How active is the Oakwood Terrace housing market?
- there is 1 home for sale in Oakwood Terrace right now, and 2 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Oakwood Terrace?
- Oakwood Terrace is served by Grand Rapids Public Schools. Its highest-rated assigned school is Center for Economicology (8/10).
- Is Oakwood Terrace walkable?
- Oakwood Terrace scores 7.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.