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 22,314, 8,103 total housing units (homes and apartments), and a median house value of $244,993, 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 51.25% of the city's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments ( 28.95%), duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), and a few row houses and other attached homes ( 3.76%).
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 38.27% owning and 61.73% renting.
Oxford homes and real estate are some of the newest in America. 42.50% 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 ( 37.88%), and between 1940-1969 ( 15.29%). There's also some housing in Oxford built before 1939 ( 4.33%).
Vacant housing appears to be an issue in Oxford. Fully 31.30% 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.
In the last 10 years, Oxford has experienced some of the highest home appreciation rates of any community in the nation. Oxford real estate appreciated 15.21% over the last ten years, which is an average annual home appreciation rate of 1.43%, putting Oxford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oxford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Oxford's appreciation rate, at 4.24%, has been at or slightly above the national average. In the latest quarter, Oxford's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.
Relative to Mississippi, our data show that Oxford's latest annual appreciation rate is higher than 70% 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.
|$865,001 - $1,154,000||2.6|
|$577,001 - $865,000||4.4|
|$462,001 - $577,000||8.5|
|$346,001 - $462,000||9.2|
|$231,001 - $346,000||23.5|
|$115,001 - $231,000||28.2|
|$57,001 - $115,000||11.6|
|$0 - $57,000||9.3|
|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||42.5|
|1970 - 1999||37.9|
|1940 - 1969||15.3|
|1939 or Older||4.3|
|TYPE OF Oxford HOMES|
|Small Apt. Buildings||14.2|
|SIZE OF Oxford HOMES|
|5 or more bedrooms||1.83|