Oxford, MS Real Estate & Economy

Incorporated in 1837, Oxford is located in Lafayette County in north central Mississippi. More specifically, Oxford lies roughly 62 miles southeast of the Memphis Metropolitan Statistical Area. As of July 2019, the US Census reported a population of 28,122 covering an area of 16.5 square miles. Over the years, Oxford has annexed outlying portions of Lafayette County as expansion of the city limits continues. Correspondingly, Oxford is a major hub for north Mississippi as the town continues to grow.

First and foremost, Oxford is home to the University of Mississippi

Affectionately nicknamed “Ole Miss”, the University of Mississippi ranks among the highest in statewide enrollment. Notably, the Oxford campus has over 20,000 students and the largest endowment in Mississippi at $736M. In addition, The University of Mississippi is classified as a R1 Research University by the Carnegie Classification of Institutions of Higher Education, boasting over $112M in sponsored research. Also, Ole Miss features the oldest Phi Beta Kappa honor society chapter in the state, promoting the liberal arts and sciences. For these reasons, Oxford has been listed by USA Today as the most desirable college town in the nation! Given these points, Oxford is consistently ranked as one of the top 100 small towns in the US.

The livability index is high

Overall, the Oxford, MS real estate is commonly valued higher than the surrounding areas. Because of its the high livability index, Oxford continues to have strong real estate value. On the whole, the Livability Index covers the following categories of a community: housing, neighborhood, transportation, environment, health, engagement, and opportunity. Over time, the strength of these factors have contributed to this outcome.

Simply put, Oxford is pretty

In a word, Oxford is a pretty town. For the most part, the area has many lush green landscapes and rolling hills. Likewise, Oxford supports several beautiful parks suitable for weddings, reunions, picnics, and other outdoor activities. Secondly, the Oxford-University Transit (OUT) offers public transportation for the city. Likewise, The University-Oxford Airport is a public airport owned and operated by The University of Mississippi. If you are looking for community involvement, the area offers numerous clubs and organizations. What’s more, Oxford provides many fine dining establishments, retail shopping stores, galleries, and museums. To this end, many walkers and bicyclists enjoy traveling on the area streets.

Undoubtedly, the Baptist Memorial Hospital – North Mississippi provides comprehensive health care services for Oxford and the surrounding area. Specifically, it is supported by a growing number of physicians, clinics and support facilities. By and large, the Oxford medical community is home to many health care specialists as well.

Oxford has strong, established economic indicators

Above all, Lafayette County has the lowest unemployment rate in the state, which is also under the national average. Additionally, an independent economics firm has rated Oxford among the top micropolitans in the country and the best in the South. Most noteworthy, the Oxford and Lafayette County school systems are designated as “5-Star” education systems. To put it another way, this is one of the top education systems in the state. Consequently, many parents of school age children move to the area and then, choose to commute to their workplace elsewhere.

In addition, homeowners also shop Oxford, MS real estate for their second home. As can be seen, the second home market comprises a large portion of Oxford real estate. Coupled with that are many city sponsored events. Important to realize is that this serves as a major source of revenue for the area, funding many of these area-wide projects. Given that, Oxford has the feel of a resort town. By the same token, Oxonians always feel at home.

Oxford MS Real Estate Market has shown long-term growth

All things considered, these many factors have caused the total assessed value of Oxford property to continually rise. Especially noteworthy, from 1989 to 2011, real property within the city of Oxford rose from roughly $21 million to $279 million for property outside the city. Not to mention, property in Oxford increased from $30 million to $367 million over this time span!

Now, discover much more about Oxford’s demographics in the area links and you’ll see why this is a great time to be here! View the links to the right for more city, county, and community information.