The typical owner-occupied home in Oxford is worth about $238,000, 11% above the Ohio median of $214,800 and 28% below the national median of $332,700. Owners pay a median $2,625 a year in property taxes, about 1.10% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $40,764 a year, so the median home costs 5.8 times the median income (3.0 times for Ohio). 34% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Oxford at a glance
| Oxford | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $238,000 | $214,800 | $332,700 |
| Median property tax paid per year | $2,625 | $2,822 | $3,119 |
| Property tax as a share of value | 1.10% | 1.31% | 0.94% |
| Median household income | $40,764 | $71,389 | $80,734 |
| Homes lived in by their owners | 34% | 67% | 65% |
| Owner homes with a mortgage | 51% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,704 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 18.6% | 21.0% |
| Median rent | $997 | $1,034 | $1,413 |
| Rent as a share of renters' income | 44.1% | 28.3% | 30.6% |
| Median year homes were built | 1987 | 1970 | 1980 |
| Vacant homes | 16.3% | 8.1% | 10.1% |
| Population | 21,753 | 11,810,293 | 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 $238,000 with 20% down costs about $1,598 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,995, 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 $68,493 for the 20%-down payment. That payment is 47% of the median Oxford household income of $40,764; at that income and 20% down, the 28% guideline points to a home of about $142,000.
The median rent here is $997 a month, so owning the median home costs about $601 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,600 |
|---|---|
| Loan amount | $190,400 |
| Principal and interest | $1,281 |
| Property taxes (1.10% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,598 |
Change the numbers in the calculator
| Down payment | $8,330 |
|---|---|
| Loan amount | $233,689 |
| Principal and interest | $1,572 |
| Property taxes (1.10% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $1,995 |
Change the numbers in the calculator
Questions about home buying in Oxford
What is the median home value in Oxford?
About $238,000 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 $2,625 a year, which is about 1.10% 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 $1,598 a month. Keeping that under 28% of gross income takes about $68,493 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