Total monthly cost of ownership
Cost to Own a Home in Oxford, Alabama
A $165,000 home here costs
$1,461per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $62,500 a year.
A standard mortgage calculator would have told you $900. The real number is $562 higher every month, 62% more than the payment most buyers budget for.
Compare Calhoun County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Oxford against Calhoun County and Alabama
| Measure | Oxford | Calhoun County |
|---|---|---|
| Median home value | $164,700 | $149,500 |
| Median property tax | $683 | $610 |
| Effective tax rate | 0.415% | 0.408% |
| Median gross rent | $882 | $804 |
| Population | 22,063 | 116,141 |
Oxford extends across 2 counties. Figures here use Calhoun County, where most of its housing sits.
The weather behind that power bill
Oxford sits in Calhoun County, which averages a high of 90.2°F in its hottest month and a low of 34.0°F in its coldest, with 52.12" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,971 cooling and 2,634 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Calhoun County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Oxford averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Oxford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oxford I already own here and may sell
Common questions
How much does it cost to own a home in Oxford?
A $165,000 home in Oxford, Alabama costs approximately $1,461 per month with 20% down at 7.24%. That is $900 principal and interest, $57 property tax, $113 homeowners insurance, $255 utilities and $138 set aside for maintenance.
What is the property tax rate in Oxford?
Oxford has an effective property tax rate of 0.415%, based on a median home value of $164,700 and median real estate taxes of $683. That is in line with the Calhoun County average of 0.408%.
What is the average home price in Oxford?
The median owner-occupied home value in Oxford, Alabama is $164,700, against $149,500 across Calhoun County.
Is it cheaper to rent or buy in Oxford?
Median gross rent in Oxford is $882 a month, against $1,461 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Oxford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oxford, Alabama at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,461 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oxford, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Alabama.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.