Oxford, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oxford Neighborhoods Since 2000




Oxford, NC 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 8,742 people, 3,265 houses or apartments, and a median cost of homes of $136,195, house prices in Oxford are solidly below the national average.

Single-family detached homes are the single most common housing type in Oxford, accounting for 69.02% of the city's housing units. Other types of housing that are prevalent in Oxford include duplexes, homes converted to apartments or other small apartment buildings ( 13.83%), large apartment complexes or high rise apartments ( 11.70%), and a few row houses and other attached homes ( 2.84%).

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 44.13% owning and 55.87% 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 between 1940-1969 ( 34.82%). A lesser amount of the housing stock also hails from before 1939 ( 13.76%). There's also some housing in Oxford built between 2000 and later ( 13.39%).

Vacant housing appears to be an issue in Oxford. Fully 14.12% 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

Oxford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oxford during the period has been just -1.40%, which is lower than 80% of US communities.

Over the last year, Oxford appreciation rates have trailed the rest of the nation. In the last twelve months, Oxford's appreciation rate has been -1.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oxford were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Oxford's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Oxford's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

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:
$136,195

Oxford, NC HOME PRICES

Value Range
> $986,000 1.8
$740,001 - $986,000 0.6
$493,001 - $740,000 1.7
$394,001 - $493,000 3.3
$296,001 - $394,000 6.2
$197,001 - $296,000 12.9
$99,001 - $197,000 41.8
$50,001 - $99,000 18.0
$0 - $50,000 13.8

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
56.6330716043595 50.9981851179673

Number Of Homes And Apartments:
3,265

Oxford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
7.36% 0.41% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 44.13
Renters 55.87
Vacant 14.12

Housing Market Details

 

Age of Homes

AGE OF Oxford HOMES
2000 or Newer 13.4
1970 - 1999 38.0
1940 - 1969 34.8
1939 or Older 13.8

Types of Homes

TYPE OF Oxford HOMES
Single-Family 69.0
Townhomes 2.8
Small Apt. Buildings 13.8
Apt. Complexes 11.7
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Oxford HOMES
No Bedroom 4.63
1 Bedroom 7.63
2 Bedrooms 28.88
3 Bedrooms 39.14
4 Bedrooms 16.94
5 or more bedrooms 2.79