Total monthly cost of ownership
Cost to Own a Home in Oxford, Maine
A $176,000 home here costs
$1,552per 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 $66,500 a year.
A standard mortgage calculator would have told you $960. The real number is $592 higher every month, 62% more than the payment most buyers budget for.
Compare Oxford County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Oxford from a five-year rolling sample, and with about 1,135 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Oxford County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Oxford against Oxford County and Maine
| Measure | Oxford | Oxford County |
|---|---|---|
| Median home value | $175,600 | $192,300 |
| Median property tax | $1,783 | $2,103 |
| Effective tax rate | 1.015% | 1.094% |
| Median gross rent | — | $807 |
| Population | 1,135 | 58,728 |
The weather behind that power bill
Oxford sits in Oxford County, which averages a high of 79.1°F in its hottest month and a low of 6.5°F in its coldest, with 47.23" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 264 cooling and 8,287 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Oxford County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oxford County
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 $176,000 home in Oxford, Maine costs approximately $1,552 per month with 20% down at 7.24%. That is $960 principal and interest, $149 property tax, $52 homeowners insurance, $245 utilities and $147 set aside for maintenance.
What is the property tax rate in Oxford?
Oxford has an effective property tax rate of 1.015%, based on a median home value of $175,600 and median real estate taxes of $1,783. That is lower than the Oxford County average of 1.094%.
What is the average home price in Oxford?
The median owner-occupied home value in Oxford, Maine is $175,600, against $192,300 across Oxford County.
Is it cheaper to rent or buy in Oxford?
Rent data is not published for Oxford at this level of detail.
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, Maine at today's rate takes a household income of roughly $66,500 a year. That covers the full $1,552 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 Maine.
- 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.