Oxford, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oxford Neighborhoods Since 2000




Oxford, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oxford Housing Market Information

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%).

Oxford Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$215,037

Oxford, MI HOME PRICES

Value Range
> $1,266,000 0.0
$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

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
28.7120590648072 12.6602564102564

Number Of Homes And Apartments:
1,545

Oxford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
4.78% 0.27% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 64.90
Renters 35.10
Vacant 9.28

Housing Market Details

 

Age of Homes

AGE OF Oxford HOMES
2000 or Newer 10.7
1970 - 1999 41.9
1940 - 1969 15.7
1939 or Older 31.7

Types of Homes

TYPE OF Oxford HOMES
Single-Family 66.2
Townhomes 4.4
Small Apt. Buildings 9.0
Apt. Complexes 20.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oxford HOMES
No Bedroom 0.00
1 Bedroom 20.67
2 Bedrooms 15.50
3 Bedrooms 40.63
4 Bedrooms 17.44
5 or more bedrooms 5.75