Metropolitan Statistical Area (MSA):
Oxford, MS is a Metropolitan Statistical Area (MSA) comprising counties including Lafayette County.
There is no doubt that the real estate market in Oxford, MS is on the rise. The median home value in Oxford has increased by 6.4% over the past year, and is predicted to rise another 4.3% in 2019. This is good news for both buyers and sellers in the area, as it indicates a healthy housing market with plenty of room for growth.
One of the biggest trends driving this growth is the influx of new residents to Oxford. The city has seen a population boom in recent years, thanks to its strong economy and growing reputation as a great place to live. This has led to more people moving into the area and looking for homes, which has helped drive up prices.
Another trend that is impacting the real estate market in Oxford is the increasing popularity of short-term rentals like Airbnb. With more people wanting to visit Oxford for its many attractions, there is a growing demand for rental properties that can accommodate them. This is especially true during peak times like Ole Miss football season or graduation weekend.
Overall, the real estate market in Oxford looks very promising for both buyers and sellers. The city's population growth and popularity are helping to drive up prices, while also creating a demand for rental properties. If you're thinking about buying or selling a home in Oxford, now is a great time to do so!