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Real Estate Prices & Overview

Oxford Northwest median real estate price is $511,429, which is more expensive than 97.4% of the neighborhoods in Mississippi and 65.9% of the neighborhoods in the U.S.

The average rental price in Oxford Northwest is currently $1,563, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.5% of the neighborhoods in Mississippi.

Oxford Northwest is a rural neighborhood (based on population density) located in Oxford, Mississippi.

Oxford Northwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Oxford Northwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Oxford Northwest. The current real estate vacancy rate here is 38.1%. This is higher than the rate of vacancies in 97.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Oxford, the Oxford Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Oxford Northwest neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 77.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

While most Americans do drive to work alone each day, the Oxford Northwest neighborhood stands out by having 90.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.6% of all American neighborhoods.

Real Estate

Despite all of the residential real estate here in the Oxford Northwest neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 38.1%, which is higher than 97.3% of all U.S. neighborhoods.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Oxford Northwest neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 36.3% of the real estate here is made up of such dwellings, which is higher than 96.4% of all U.S. neighborhoods.

People

An extraordinary 12.9% of the residents of the Oxford Northwest neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Diversity

Did you know that the Oxford Northwest neighborhood has more English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.5% of this neighborhood's residents have English ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Oxford Northwest neighborhood in Oxford are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.4% of U.S. neighborhoods. With 16.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Oxford Northwest neighborhood, 46.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.1%), and 7.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Oxford Northwest neighborhood is English, spoken by 98.4% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Oxford Northwest neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as English (21.5%). There are also a number of people of Irish ancestry (8.3%), and residents who report Italian roots (7.1%), and some of the residents are also of German ancestry (4.9%), along with some French ancestry residents (3.7%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Oxford Northwest neighborhood spend under 15 minutes commuting one-way to work (77.9% of working residents), one of the shortest commutes across America.

Here most residents (90.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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