The typical owner-occupied home in Oxford Junction is worth about $72,500, 65% below the Iowa median of $208,000 and 78% below the national median of $332,700. Owners pay a median $1,368 a year in property taxes, about 1.89% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $37,969 a year, so the median home costs 1.9 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Oxford Junction at a glance
| Oxford Junction | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $72,500 | $208,000 | $332,700 |
| Median property tax paid per year | $1,368 | $2,897 | $3,119 |
| Property tax as a share of value | 1.89% | 1.39% | 0.94% |
| Median household income | $37,969 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 39% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 30.3% | 18.7% | 21.0% |
| Median rent | $768 | $972 | $1,413 |
| Rent as a share of renters' income | 29.2% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 16.1% | 8.5% | 10.1% |
| Population | 461 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Oxford Junction
At this week's average 30-year rate of 7.11%, buying the median Oxford Junction home of $72,500 with 20% down costs about $535 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $655, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $22,910 for the 20%-down payment. That payment is 17% of the median Oxford Junction household income of $37,969; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $768 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,500 |
|---|---|
| Loan amount | $58,000 |
| Principal and interest | $390 |
| Property taxes (1.89% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $535 |
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| Down payment | $2,538 |
|---|---|
| Loan amount | $71,187 |
| Principal and interest | $479 |
| Property taxes (1.89% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $655 |
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Questions about home buying in Oxford Junction
What is the median home value in Oxford Junction?
About $72,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oxford Junction?
Homeowners pay a median $1,368 a year, which is about 1.89% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oxford Junction?
For the median home with 20% down at 7.11%, the payment is about $535 a month. Keeping that under 28% of gross income takes about $22,910 a year.
More about Oxford Junction
- Mortgage Refinance in Oxford Junction
- Debt Relief in Oxford Junction
- Home Equity Loans in Oxford Junction
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data