Oxford, Mississippi Housing Market Prices
Oxford Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 15% above the Mississippi median$149,551
-
Median rent 6% above the Mississippi median$1,015
Housing Market Overview
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,551 | $130,069 | $248,835 |
| Price Trend (Annual %) | 119.7% | 5.6% | 7.5% |
| Median Gross Rent | $1,015 | $954 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oxford is about 15% higher than in Mississippi. Rent is about 6% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oxford, up about 119.7% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Oxford rose about 30.0% between 2015 and 2024, from $781 to $1,015. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Oxford.
Buying the median-priced home in Oxford costs roughly 12.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oxford. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,551 | $130,069 | $248,835 |
| Median Household Income | $69,004 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oxford rose about 88.0%, while median household income rose about 65.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 28.4% | 59.8% | 58.5% |
| Rental Rate | 32.5% | 25.6% | 31.2% |
| Vacancy Rate | 39.1% | 14.6% | 10.2% |
| Median Tenure (years) | 9.0 | 16.0 | 15.0 |
| Median Year Moved In | 2017 | 2010 | 2011 |
Oxford has a homeownership rate of 28.4%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 39.1%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1997 | 1986 | 1978 |
| Median Number of Rooms | 4.8 | 5.7 | 5.5 |
The typical housing unit in Oxford was built around 1997. On average, 2.6 people live in a home with about 4.8 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oxford, Mississippi.
What is the median home price in Oxford, Mississippi?
The median home price in Oxford, Mississippi is $149,551, higher than the Mississippi average of $130,069.
What is the average home price in Oxford, Mississippi?
The typical home price in Oxford, Mississippi, reported as the median sale price, is $149,551. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oxford, Mississippi?
The median gross rent in Oxford, Mississippi is $1,015 per month, higher than the Mississippi average of $954.
What was the median gross rent in Oxford in 2020?
In 2020, the median gross rent in Oxford, Mississippi was $910 per month.
What is the price-to-rent ratio in Oxford, Mississippi?
The price-to-rent ratio in Oxford, Mississippi is about 12.3, meaning it would take roughly 12.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oxford.
Are home prices or rent rising faster in Oxford, Mississippi?
Both home prices and rent are rising in Oxford, up about 119.7% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oxford, Mississippi?
28.4% of households in Oxford, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Oxford, Mississippi?
The housing vacancy rate in Oxford, Mississippi is 39.1%, higher than the Mississippi average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →