Oxford appreciation rates and housing market information

Oxford housing market information

With 11,792 people, 6,157 houses or apartments, and a median cost of homes of $199,147, Oxford real estate is some of the most expensive in Mississippi, although Oxford home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Oxford, accounting for 41.61% of the city's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments (29.72%), duplexes, homes converted to apartments, or other small apartment buildings (20.71%), mobile homes or trailers (4.53%), and a few row houses and other attached homes (3.31%).

People in Oxford primarily live in small (one, two, or no bedroom) single-family detached homes. Oxford has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Oxford built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oxford built from 1940-1969 (27.40%). A lesser amount of the housing stock also hails from 1995 and later (17.83%), and some were built from 1939 and earlier (17.83%).

Vacant housing appears to be an issue in Oxford. Fully 12.65% of the housing stock is classified as vacant. Left unchecked, vacant Oxford homes and apartments can be a drag on the real estate market, holding Oxford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oxford home appreciation rates

Appreciation rates for homes in Oxford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.20%, which ranks in the top 20% nationwide. This equates to an annual average Oxford house appreciation rate of 10.12%.

Appreciation rates are so strong in Oxford that despite a nationwide downturn in the housing market, Oxford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oxford appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oxford. Oxford appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.72%.

Relative to Mississippi, our data show that Oxford's latest annual appreciation rate is higher than 99% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oxford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oxford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Oxford real estate investment or home purchase decisions.