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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,460 people, 1,510 houses or apartments, and a median cost of homes of $403,851, Oxford real estate is some of the most expensive in Michigan, 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 68.04% of the village's housing units. Other types of housing that are prevalent in Oxford include large apartment complexes or high rise apartments ( 14.05%), duplexes, homes converted to apartments or other small apartment buildings ( 12.18%), and a few row houses and other attached homes ( 5.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oxford. Owner-occupied housing accounts for 68.74% of Oxford's homes, and 55.61% have either three or four bedrooms, which is average sized relative to America.
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 before 1939 ( 20.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.07%). There's also some housing in Oxford built between 1940-1969 ( 10.05%).
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 98.20%, which ranks in the top 40% nationwide. This equates to an annual average Oxford house appreciation rate of 7.08%.
NeighborhoodScout's data show that during the latest twelve months, Oxford's appreciation rate, at 6.49%, has been at or slightly above the national average. In the latest quarter, Oxford's appreciation rate has been 1.70%, which annualizes to a rate of 6.96%.
Relative to Michigan, our data show that Oxford's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the village. 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.
$403,851
for Michigan
for nation
1,510
$1,383 / per month