Oxford, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oxford Neighborhoods Since 2000




Oxford, MS Real Estate Data


Oxford Housing Market Information

With a population of 22,314, 7,504 total housing units (homes and apartments), and a median house value of $239,481, 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 50.55% of the city's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments ( 29.14%), duplexes, homes converted to apartments or other small apartment buildings ( 15.77%), and a few row houses and other attached homes ( 3.53%).

People in Oxford primarily live in small (one, two or no bedroom) single-family detached homes. Oxford has a mixture of owner-occupied and renter-occupied housing.

Oxford homes and real estate are some of the newest in America. 43.03% 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 ( 38.06%), and between 1940-1969 ( 14.04%). There's also some housing in Oxford built before 1939 ( 4.87%).

Vacant housing appears to be an issue in Oxford. Fully 34.14% 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.

Oxford Home Appreciation Rates

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 15.16%, which ranks in the top 30% nationwide. This equates to an annual average Oxford house appreciation rate of 1.42%.

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 6.03%, which is higher than appreciation rates in 74.56% 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 1.35%, which equates to an annual appreciation rate of 5.52%.

Relative to Mississippi, our data show that Oxford's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 

Median Home Value:
$239,481

Oxford, MS HOME PRICES

Value Range
> $1,156,000 3.2
$867,001 - $1,156,000 2.1
$578,001 - $867,000 4.5
$462,001 - $578,000 5.8
$347,001 - $462,000 7.1
$231,001 - $347,000 21.9
$115,001 - $231,000 31.7
$58,001 - $115,000 13.3
$0 - $58,000 10.3

Very High for MS
High for Nation

Value Relative to Nation Value Relative to State
24.8462844761961 0.816326530612245

Number Of Homes And Apartments:
7,504

Rent & Ownership

 

Average Market Rent:
$1,085 / per month

Homeownership Rate

Homeownership
Owners 36.08
Renters 63.92
Vacant 34.14

Housing Market Details

 

Age of Homes

AGE OF Oxford HOMES
2000 or Newer 43.0
1970 - 1999 38.1
1940 - 1969 14.0
1939 or Older 4.9

Types of Homes

TYPE OF Oxford HOMES
Single-Family 50.6
Townhomes 3.5
Small Apt. Buildings 15.8
Apt. Complexes 29.1
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Oxford HOMES
No Bedroom 2.10
1 Bedroom 13.86
2 Bedrooms 32.86
3 Bedrooms 36.89
4 Bedrooms 11.85
5 or more bedrooms 2.45

Oxford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.05% 2.61% 9 7
* 10 is highest