The housing market in Oxford, AL is currently booming. The median value of a house in Oxford is $166,900, which is significantly lower than the national average median value of $338,100. Additionally, the one year appreciation rate for houses in Oxford is 12.26%, which is higher than the nationwide appreciation rate of 8.27%. This indicates that housing values are increasing quickly in the area. With such low prices and a rising appreciation rate, it’s no surprise that Oxford has become a popular destination for those looking to start or increase their property investments.
The median home cost in Oxford is $166,900. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Oxford is up 17.7%.
Average Age of Homes
- The median age of Oxford real estate is 35 years old
The Rental Market in Oxford
- Renters make up 25.8% of the Oxford population
- 1.0% of houses and apartments in Oxford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.