The housing market in Oxford, MS is currently thriving. The median value of homes in this city is $294,200, which is significantly lower than the US house median value of $338,100. However, this lower median value does not appear to have hindered its growth rate as evidenced by the 1 year house appreciation rate in Oxford being 17.86%, which is almost double that of the US 1 year house appreciation rate of 8.27%. This incredible growth rate indicates that investing in housing in Oxford can be a very rewarding experience and highlights the potential it has for future development. Overall, Oxford is a great city for those looking to invest in real estate as its strong housing market points to excellent returns on investments made here.
The median home cost in Oxford is $294,200. Home appreciation the last 10 years has been 80.3%. Home Appreciation in Oxford is up 19.2%.
Average Age of Homes
- The median age of Oxford real estate is 20 years old
The Rental Market in Oxford
- Renters make up 40.8% of the Oxford population
- 16.3% 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.