The typical owner-occupied home in Oxford is worth about $188,600, 58% below the New Jersey median of $454,400 and 43% below the national median of $332,700. Owners pay a median $7,040 a year in property taxes, about 3.73% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $77,989 a year, so the median home costs 2.4 times the median income (4.4 times for New Jersey). 85% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Oxford at a glance
| Oxford | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $188,600 | $454,400 | $332,700 |
| Median property tax paid per year | $7,040 | $9,590 | $3,119 |
| Property tax as a share of value | 3.73% | 2.11% | 0.94% |
| Median household income | $77,989 | $103,556 | $80,734 |
| Homes lived in by their owners | 85% | 64% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,140 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1943 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,122 | 9,343,809 | 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 $188,600 with 20% down costs about $1,680 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,994, 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 $71,991 for the 20%-down payment. That payment is 26% of the median Oxford household income of $77,989; at that income and 20% down, the 28% guideline points to a home of about $204,000.
| Down payment | $37,720 |
|---|---|
| Loan amount | $150,880 |
| Principal and interest | $1,015 |
| Property taxes (3.73% a year) | $586 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,680 |
Change the numbers in the calculator
| Down payment | $6,601 |
|---|---|
| Loan amount | $185,184 |
| Principal and interest | $1,246 |
| Property taxes (3.73% a year) | $586 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $83 |
| Total per month | $1,994 |
Change the numbers in the calculator
Questions about home buying in Oxford
What is the median home value in Oxford?
About $188,600 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 $7,040 a year, which is about 3.73% 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 $1,680 a month. Keeping that under 28% of gross income takes about $71,991 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