The Oakwood Historical Society was established in 1974 to serve those who have an interest in the study and sharing of Oakwood's heritage. The mission of the Oakwood Historical Society is to research, preserve, publish, and promote interest in the history of the City of Oakwood, including government, schools, public enterprises, citizens, architecture, and buildings. To promote a link to the past, the Oakwood Historical Society features programs and events throughout the year.
Since 1985 the home of the Oakwood Historical Society is the Long-Romspert Homestead situated on two acres of land at 1947 Far Hills Avenue in the heart of Oakwood. The Long-Romspert house is one of the earliest homes still existing in Oakwood. It is the oldest house to have been built and continuously occupied by one family. The primary house represents two distinctive styles of architecture, mid 19th century Victorian Italianate farmhouse and early 20th century suburban. The Homestead was placed on the National Registry of Historic Places in 1987.