Home Values in Oxford, Mississippi — 2026 Market Report
Updated March 2026 | Seller's Market | +1.3% YoY
The median home value in Oxford, Mississippi is $295,000 as of March 2026, which is below the national median of $400,000. Home values in Oxford have increased by 1.3% over the past year and 6.7% over the last five years. With a population of 28,122 and a median household income of $42,250, the price-to-income ratio stands at 7.0x, making Oxford affordable for the average household.
Oxford Housing Market Conditions
| Metric | Oxford | National Avg |
|---|---|---|
| Median Home Value | $295,000 | $400,000 |
| YoY Appreciation | +1.3% | +3.8% |
| 5-Year Appreciation | +6.7% | +22.4% |
| Price per Sq Ft | $76 | $222 |
| Days on Market | 73 days | 45 days |
| Months of Supply | 2.5 | 3.5 |
| List-to-Sale Ratio | 99.3% | 98.5% |
| Monthly Homes Sold | 11 | — |
| Foreclosure Rate | 0.28% | 0.3% |
Home Value Trends in Oxford
A homeowner who purchased at the median price of $276,476 five years ago in Oxford would have gained approximately $18,524 in equity, representing a 6.7% return on investment. Over the past year alone, the typical homeowner gained $3,786 in home equity.
Affordability in Oxford, MS
With a median household income of $42,250 and a median home price of $295,000, the price-to-income ratio in Oxford is 7.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,559 compared to estimated monthly ownership costs of $1,598 gives a rent-vs-buy ratio of 1.03. In Oxford, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Oxford
The effective property tax rate in Mississippi is 0.8%. On a home valued at $295,000, the estimated annual property tax bill is $2,360, or approximately $197/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Oxford is 88.5 (100 = national average), indicating living costs are below the national average.
Calculate Your Mortgage Payment in Oxford
Use our free calculator to estimate monthly payments for a $295,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Oxford, MS?
The median home value in Oxford, Mississippi is $295,000 as of March 2026. Home values have changed +1.3% over the past year, with a 5-year appreciation of 6.7%.
Is Oxford a buyer's or seller's market?
Oxford is currently a seller's market with 2.5 months of housing supply. Homes spend an average of 73 days on market, and the list-to-sale price ratio is 99.3%. Low inventory gives sellers an advantage.
Are home values going up in Oxford?
Yes, home values in Oxford have increased by 1.3% over the past year. The 5-year appreciation rate is 6.7%, meaning a home worth $276,476 five years ago is now worth $295,000.
Is it better to rent or buy in Oxford?
The average monthly rent in Oxford is $1,559, while estimated monthly homeownership costs are approximately $1,598. The price-to-rent ratio is 15.8. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Mississippi Cities
Related Resources
Disclaimer: Home value data for Oxford, Mississippi is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.