Woodlake is incredibly convenient to downtown, if that's where you work, but the reputation of the schools in that area of the district is undistinguished. And there's not a lot of nearby services. I'm not sure where you would shop for groceries, for example. In short, I think the primary downside to residing in that neighborhood is the fact that it's surrounded on one side by a strictly industrial area and, on the other, by a residential and commercial area that is not among the most highly regarded in the city. No one wants to come right out and say it, but the Del Paso area can be a little rough. That hurts values in Woodlake.
So if the idea of living in a little oasis is attractive to you, you should definitely consider Woodlake. I think you'll find quite a bang for your buck there.
Good Luck with your search.
For example, last year, you could have purchased this castle-like home with a coat of arms on the door, tremendous square footage and a pool for around $500,000. Something like this magnificent home in East Sac or Land Park would cost you upwards of a million dollars.
Woodlake is conveniently located near downtown, too. If there was a drawback, I'd say it's having to drive past commercial and some less desirable areas coming into downtown, but that entire corridor is slated for rehabilitation, so it's not going to look like that forever.
However, when you go to sell someday, years from now, it will probably be a lower priced neighborhood at that time as well. I would recommend buying there, if you aren't easily embarrassed by a zip code number.