Total monthly cost of ownership
Cost to Own a Home in Oxford, New Jersey
A $175,000 home here costs
$1,976per 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 $84,500 a year.
A standard mortgage calculator would have told you $954. The real number is $1,022 higher every month, 107% more than the payment most buyers budget for.
Compare Warren 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 1,140 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 Warren 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 Warren County and New Jersey
| Measure | Oxford | Warren County |
|---|---|---|
| Median home value | $175,000 | $323,100 |
| Median property tax | $7,232 | $8,156 |
| Effective tax rate | 4.133% | 2.524% |
| Median gross rent | $858 | $1,368 |
| Population | 1,140 | 110,238 |
The weather behind that power bill
Oxford sits in Warren County, which averages a high of 84.1°F in its hottest month and a low of 18.0°F in its coldest, with 48.21" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 650 cooling and 6,050 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Warren County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Warren County
Full Warren County cost breakdown · Every county in New Jersey
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 $175,000 home in Oxford, New Jersey costs approximately $1,976 per month with 20% down at 7.24%. That is $954 principal and interest, $603 property tax, $43 homeowners insurance, $231 utilities and $146 set aside for maintenance.
What is the property tax rate in Oxford?
Oxford has an effective property tax rate of 4.133%, based on a median home value of $175,000 and median real estate taxes of $7,232. That is higher than the Warren County average of 2.524%.
What is the average home price in Oxford?
The median owner-occupied home value in Oxford, New Jersey is $175,000, against $323,100 across Warren County.
Is it cheaper to rent or buy in Oxford?
Median gross rent in Oxford is $858 a month, against $1,976 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, New Jersey at today's rate takes a household income of roughly $84,500 a year. That covers the full $1,976 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 New Jersey.
- 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.