In 1945, shortly after he was cast in Up in Central Park, Wood and his wife moved into an apartment in Midtown Manhattan within walking distance of the Theater District. They continued to reside there until 1972 when the seven-story building was demolished to make way for a residential high-rise tower. During that time, they raised their five children: Charles Jr. (January 30, 1943 – August 28, 2008), Dianne (born February 3, 1944), Barbara (born May 6, 1947), Ronald (born October 19, 1951) and Debra (born December 19, 1952).
