The typical owner-occupied home in Oxford is worth about $791,700, 89% above the Maryland median of $419,900 and 2.4 times the national median of $332,700. Owners pay a median $4,167 a year in property taxes, about 0.53% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $83,207 a year, so the median home costs 9.5 times the median income (4.1 times for Maryland). 84% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Oxford at a glance
| Oxford | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $791,700 | $419,900 | $332,700 |
| Median property tax paid per year | $4,167 | $4,093 | $3,119 |
| Property tax as a share of value | 0.53% | 0.97% | 0.94% |
| Median household income | $83,207 | $103,678 | $80,734 |
| Homes lived in by their owners | 84% | 68% | 65% |
| Owner homes with a mortgage | 64% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,733 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 37.7% | 20.5% | 21.0% |
| Median rent | $2,250 | $1,705 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.8% | 30.6% |
| Median year homes were built | 1969 | 1979 | 1980 |
| Vacant homes | 28.3% | 7.7% | 10.1% |
| Population | 706 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Oxford
At this week's average 30-year rate of 7.11%, buying the median Oxford home of $791,700 with 20% down costs about $4,940 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,386, 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 $211,722 for the 20%-down payment. That payment is 71% of the median Oxford household income of $83,207; at that income and 20% down, the 28% guideline points to a home of about $311,000.
The median rent here is $2,250 a month, so owning the median home costs about $2,690 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $158,340 |
|---|---|
| Loan amount | $633,360 |
| Principal and interest | $4,261 |
| Property taxes (0.53% a year) | $350 |
| Homeowners insurance (our estimate, 0.5% a year) | $330 |
| PMI | $0 |
| Total per month | $4,940 |
Change the numbers in the calculator
| Down payment | $27,710 |
|---|---|
| Loan amount | $777,360 |
| Principal and interest | $5,229 |
| Property taxes (0.53% a year) | $350 |
| Homeowners insurance (our estimate, 0.5% a year) | $330 |
| FHA mortgage insurance | $477 |
| Total per month | $6,386 |
Change the numbers in the calculator
Questions about home buying in Oxford
What is the median home value in Oxford?
About $791,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oxford?
Homeowners pay a median $4,167 a year, which is about 0.53% 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?
For the median home with 20% down at 7.11%, the payment is about $4,940 a month. Keeping that under 28% of gross income takes about $211,722 a year.
More about Oxford
- Mortgage Refinance in Oxford
- Debt Relief in Oxford
- Home Equity Loans in Oxford
- 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