Total monthly cost of ownership
Cost to Own a Home in Oxford, Alabama
A $165,000 home here costs
$1,374per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $526 higher every month — 62% more than the payment most buyers budget for.
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 $151 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
Common questions
How much does it cost to own a home in Oxford?
A $165,000 home in Oxford, Alabama costs approximately $1,374 per month with 20% down at 6.66%. That is $848 principal and interest, $57 property tax, $113 homeowners insurance, $219 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 $1,374 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.