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Real Estate Prices & Overview

Oxford South median real estate price is $411,166, which is more expensive than 91.4% of the neighborhoods in Mississippi and 55.4% of the neighborhoods in the U.S.

The average rental price in Oxford South is currently $2,541, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.9% of the neighborhoods in Mississippi.

Oxford South is a rural neighborhood (based on population density) located in Oxford, Mississippi.

Oxford South real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Oxford South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Oxford South. The current real estate vacancy rate here is 31.4%. This is higher than the rate of vacancies in 95.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (23.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of note is NeighborhoodScout's research finding that the Oxford South neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Oxford South community truly stands out from the rest in this regard.

In addition, the Oxford South neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 93.4% of Mississippi neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Oxford South neighborhood. A whopping 74.8% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.7% of the neighborhoods in the U.S. Everything here just feels new.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 31.4% of the residential real estate vacant, the Oxford South neighborhood claims the distinction of having a higher vacancy rate than 95.3% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Oxford South neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 59.6% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Oxford South neighborhood has more English and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.5% of this neighborhood's residents have English ancestry and 3.4% have Scots-Irish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Oxford South neighborhood in Oxford are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Oxford South neighborhood, 60.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (9.1%), and 8.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Oxford South neighborhood is English, spoken by 98.0% of households. Some people also speak Italian (2.6%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Oxford South neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as English (23.5%). There are also a number of people of Irish ancestry (10.6%), and residents who report German roots (6.6%), and some of the residents are also of Scots-Irish ancestry (3.4%), along with some Scottish ancestry residents (3.0%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Oxford South neighborhood spend under 15 minutes commuting one-way to work (59.6% of working residents), one of the shortest commutes across America.

Here most residents (82.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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