Total monthly cost of ownership
Cost to Own a Home in Oxford, Indiana
A $114,000 home here costs
$1,024per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $438 higher every month — 75% 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 Benton County and Indiana
| Measure | Oxford | Benton County |
|---|---|---|
| Median home value | $113,900 | $135,400 |
| Median property tax | $756 | $1,024 |
| Effective tax rate | 0.664% | 0.756% |
| Median gross rent | $732 | $834 |
| Population | 1,333 | 8,708 |
The weather behind that power bill
Oxford sits in Benton County, which averages a high of 83.1°F in its hottest month and a low of 15.4°F in its coldest, with 40.24" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 768 cooling and 6,285 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Benton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Common questions
How much does it cost to own a home in Oxford?
A $114,000 home in Oxford, Indiana costs approximately $1,024 per month with 20% down at 6.66%. That is $586 principal and interest, $63 property tax, $49 homeowners insurance, $231 utilities and $95 set aside for maintenance.
What is the property tax rate in Oxford?
Oxford has an effective property tax rate of 0.664%, based on a median home value of $113,900 and median real estate taxes of $756. That is lower than the Benton County average of 0.756%.
What is the average home price in Oxford?
The median owner-occupied home value in Oxford, Indiana is $113,900, against $135,400 across Benton County.
Is it cheaper to rent or buy in Oxford?
Median gross rent in Oxford is $732 a month, against $1,024 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 Indiana.
- 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.