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 24,528 people, 9,250 houses or apartments, and a median cost of homes of $255,577, 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 49.49% of the city's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments ( 32.14%), duplexes, homes converted to apartments or other small apartment buildings ( 12.88%), and a few row houses and other attached homes ( 3.65%).
The most prevalent building size and type in Oxford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.97% owning and 57.03% renting.
Oxford homes and real estate are some of the newest in America. 46.33% of Oxford's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Oxford real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.43%), and between 1940-1969 ( 11.55%). There's also some housing in Oxford built before 1939 ( 3.69%).
Vacant housing appears to be an issue in Oxford. Fully 30.61% 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.
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 31.81%, which ranks in the top 40% nationwide. This equates to an annual average Oxford house appreciation rate of 2.80%.
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 5.23%, which is higher than appreciation rates in 73.34% 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 2.04%, which equates to an annual appreciation rate of 8.40%.
Importantly, this makes Oxford one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Mississippi, our data show that Oxford's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Oxford real estate investment or home purchase decisions.
|$870,001 - $1,160,000||2.0|
|$580,001 - $870,000||6.9|
|$464,001 - $580,000||9.0|
|$347,001 - $464,000||12.8|
|$232,001 - $347,000||22.4|
|$116,001 - $232,000||29.6|
|$58,001 - $116,000||7.9|
|$0 - $58,000||7.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Oxford HOMES|
|2000 or Newer||46.3|
|1970 - 1999||38.4|
|1940 - 1969||11.6|
|1939 or Older||3.7|
|TYPE OF Oxford HOMES|
|Small Apt. Buildings||12.9|
|SIZE OF Oxford HOMES|
|5 or more bedrooms||2.51|