Oxford, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oxford, AL Housing Market Trends

With 21,225 people, 7,871 houses or apartments, and a median cost of homes of $165,899, house prices in Oxford are solidly below the national average.

Single-family detached homes are the single most common housing type in Oxford, accounting for 78.55% of the city's housing units. Other types of housing that are prevalent in Oxford include mobile homes or trailers ( 12.21%), large apartment complexes or high rise apartments ( 4.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oxford. Owner-occupied housing accounts for 70.19% of Oxford's homes, and 73.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oxford built from 1970 to 1999 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 between 2000 and later ( 21.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.63%). There's also some housing in Oxford built before 1939 ( 2.05%).

Vacant housing appears to be an issue in Oxford. Fully 10.87% 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

Oxford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oxford during the period has been just 2.66%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Oxford's appreciation rate, at 9.63%, has been at or slightly above the national average. In the latest quarter, Oxford's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Notably, Oxford's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Oxford's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

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 2000, to assist you in making the best Oxford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$165,899

Oxford, AL HOME PRICES

> $1,219,000
0.6%
0.6%
$914,001 - $1,219,000
0.2%
0.2%
$610,001 - $914,000
2.5%
2.5%
$488,001 - $610,000
1.4%
1.4%
$366,001 - $488,000
4.5%
4.5%
$244,001 - $366,000
18.6%
18.6%
$122,001 - $244,000
43.4%
43.4%
$61,001 - $122,000
19.1%
19.1%
$0 - $61,000
9.8%
9.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for AL

Value Relative To Nation

Number Of Homes And Apartments:
7,871

Oxford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
56.86% 2.12%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,201 / per month

Homeownership Rate

Owners
70.2%
70.2%
Renters
29.8%
29.8%
Vacant
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
55.6%
55.6%
1940 - 1969
20.6%
20.6%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.6%
78.6%
Townhomes
1.9%
1.9%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
4.7%
4.7%
Mobile Homes
12.2%
12.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
1.3%
1.3%
2 Bedrooms
18.6%
18.6%
3 Bedrooms
59.2%
59.2%
4 Bedrooms
14.7%
14.7%
5 or more bedrooms
5.4%
5.4%
0.0% 100.0%
% OF HOMES