Oakwood, Virginia.
Typical home $76,870 (-2.6% in a year).
to buy the typical home at today's mortgage rate — +$127 (+46%) since Jan 2020.
- 1 year
- Down $2,086 -3%
- $78,956$76,870 since Sep 2025
- 5 years
- Down $10,228 -12%
- $87,098$76,870 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Oakwood$403
- Virginia$2,164
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Oakwood, VA fell 2.6% over the past year — slower than the nation's +1.2%.
Living in Oakwood, Buchanan County, Virginia
The Census does not count Oakwood on its own, so the figures here are Buchanan County's. Half the county's households earn more than $42,886 a year and half less; 25% of the county's people live below the poverty line. 83% of the county's homes are lived in by their owners and 17% are rented. Unemployment in Buchanan County was 7.0% in August 2026, and the county had 5.9% fewer jobs in 2025 than the year before. The most people in Buchanan County work in schools and health care, then farming.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Oakwood is a small town in Buchanan County, in the mountains of Southwest Virginia. Winters are cold and bring some snow, summers are warm, and rain falls through much of the year. Most homes are lived in by their owners, and many of the county's residents are middle-aged or older, so neighbors often know one another over many years.
Work. Many residents work in schools, hospitals and social care, or in government and shops, while farming, forestry and mining remain part of local life. Jobs have become harder to find over the past year, and unemployment has risen. Relatively few adults hold a four-year degree, many households live on modest incomes, and few people work from home, so most adults commute to their jobs.
Things to do. Breaks Interstate Park is a protected area a longer drive away and one of the best known spots nearby. Berwind Lake Wildlife Management Area, also a protected area a longer drive away, offers another place to spend a day outdoors. Russell Fork, a river a longer drive away, is a quieter option for those who enjoy water.
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- 7,530households
- 47.8median age
- 12%of adults have a degree
- 25%below the poverty line
- 30 mintypical commute
- 6%work from home
What people in Buchanan County work in
Employed residents by industry, from the Census survey. Buchanan County had 5,696 jobs in 2025, 5.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 24°; warmest in July, with highs near 83° and lows near 63°. About 16 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Grundy weather station, 7 miles away (NOAA).
Largest workplaces in Buchanan County
- Buchanan County Public SchoolsSchool district464FTE
- Virginia Department of CorrectionsCorrectional institutions310
- Virginia Employment Commission-VansantGeneral services departments, government230
- Buchanan General HospitalGeneral hospital180FTE
- WalmartWarehouse clubs and supercenters173
- American HealthCareNursing care facilities134
- K VA T Food StoresSupermarket122
- SunCoke Energy Jewell OperationCoke oven products made in coke oven establishments114
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 11 workplaces with 20 or more staff, 1,508 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LandslidesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Buchanan County, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Buchanan County.
Oakwood home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oakwood$76,870
- Virginia$412,252
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Oakwood address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oakwood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.