Mortgage payment estimates, closing cost breakdowns, and homebuying data for Oxford, Mississippi.
Median Home Price
$285K
Population
28K
Avg Monthly Rent
$1,220
Property Tax Rate
0.8% *
* Property tax shown is the Mississippi state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Oxford.
Oxford vs Mississippi Median
The median home price in Oxford is $285,000, which is 63% above the Mississippi state median of $175,000.
Mortgage Calculator — Oxford, MS
Pre-filled with Oxford median home price and Mississippi tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $285K home using Mississippi's 0.8% tax rate and $2,400/yr insurance.
5% Down
$2,259/mo
Down: $14,250
Loan: $271K
P&I: $1,711
Tax: $190
Insurance: $200
PMI: $158
10% Down
$2,161/mo
Down: $28,500
Loan: $257K
P&I: $1,621
Tax: $190
Insurance: $200
PMI: $150
20% Down (No PMI)
$1,831/mo
Down: $57,000
Loan: $228K
P&I: $1,441
Tax: $190
Insurance: $200
Income needed (28% rule): $78K/year with 20% down, $93K/year with 10% down.
Rent vs Buy in Oxford
Rent
$1,220/mo
vs
Buy (10% down)
$2,161/mo
Price-to-rent ratio: 19.5 — A ratio between 15-20 means the rent vs buy decision in Oxford depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Oxford is $285,000, 63% above the Mississippi state median of $175,000. With a population of 28,122, Oxford is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $285,000 home in Oxford would carry roughly $190/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Oxford is $1,220/month. The price-to-rent ratio in Oxford is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Oxford presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Oxford.