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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,534, 1,545 total housing units (homes and apartments), and a median house value of $215,037, Oxford real estate is some of the most expensive in Michigan, 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 66.24% of the village's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments ( 20.38%), duplexes, homes converted to apartments or other small apartment buildings ( 8.98%), and a few row houses and other attached homes ( 4.40%).
The most prevalent building size and type in Oxford are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.90% owning and 35.10% renting.
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 before 1939 ( 31.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.74%). There's also some housing in Oxford built between 2000 and later ( 10.69%).
Real estate appreciation rates in Oxford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.
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 7.18%, which is higher than appreciation rates in 82.32% 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 1.86%, which equates to an annual appreciation rate of 7.66%.
Importantly, this makes Oxford one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Michigan, our data show that Oxford's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the village. 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.
|$949,001 - $1,266,000||0.0|
|$633,001 - $949,000||0.0|
|$506,001 - $633,000||1.3|
|$380,001 - $506,000||9.5|
|$253,001 - $380,000||13.2|
|$126,001 - $253,000||61.9|
|$63,001 - $126,000||9.2|
|$0 - $63,000||4.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Oxford HOMES|
|2000 or Newer||10.7|
|1970 - 1999||41.9|
|1940 - 1969||15.7|
|1939 or Older||31.7|
|TYPE OF Oxford HOMES|
|Small Apt. Buildings||9.0|
|SIZE OF Oxford HOMES|
|5 or more bedrooms||5.75|