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 a population of 8,771, 3,445 total housing units (homes and apartments), and a median house value of $264,977, Oxford real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Oxford, accounting for 76.12% 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 ( 12.66%), large apartment complexes or high rise apartments ( 8.53%), and a few row houses and other attached homes ( 1.60%).
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 49.07% owning and 50.93% 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 ( 27.93%). A lesser amount of the housing stock also hails from before 1939 ( 21.73%). There's also some housing in Oxford built between 2000 and later ( 9.56%).
Vacant housing appears to be an issue in Oxford. Fully 10.98% 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.
Real estate appreciation rates in Oxford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.24% during the period.
NeighborhoodScout's data show that during the latest twelve months, Oxford's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Oxford's appreciation rate has been 2.64%, which annualizes to a rate of 10.98%.
Relative to North Carolina, our data show that Oxford's latest annual appreciation rate is lower than 60% 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.
$264,977
for North carolina
for nation
3,445
$1,732 / per month