The Oxford housing market is going through a correction phase. The prices of houses soared in the first half of 2022, which dipped significantly owing to the higher rate of interest and inflation. The rental prices of properties in Oxford generally range from $1,900 to $2,600. Homeowners predominantly inhabit residential properties in Oxford. But as the real estate in the region experienced a phenomenal rise in prices, the demand for rental options increased significantly. Residents can select from the several property options available in the county.
Average Rental Price by Property Size in Oxford
The average rental price in Oxford depends on the size and location of the property. A four-bedroom single-home dwelling would cost a renter at least $3,000 per month. The Oxford rent price for a semi-detached two-storey home built on Dunkirk Avenue would be $2,600 per month. To inhabit a 4-bedroom single-home property in Thompson St., a renter must shell out $2,700 per month. Predominantly, the rental listings of single-home dwellings are more in comparison with apartments.
Top Neighbourhood with Best Rentals in Oxford
Oxford Neighborhoods is culturally rich owing to its diverse population, offering a serene ambience to its residents. The Oxford neighbourhoods such as Burnsville, Norwich, and Milldale are regarded as exemplary for providing a tranquil atmosphere to raise a family. These neighbourhoods are also strategically connected through various modes of transportation, glueing the localities with the city's epicentres. The city also offers various modern-day amenities enriching the inhabitants by providing them with the best of both worlds.
Average Lease Price in Oxford
The average property prices in Oxford vary based on the location and size of the property. The Oxford rental housing market offers numerous options to the residents. The price to lease a four-bedroom single home in the region might be higher than that of a three-bedroom single-home dwelling. The location also plays an important role in determining the lease price of the property.
Rental Price in Oxford
The following table showcases the average rent based on the property type.
| Property Type |
Rent |
| 2-Bedroom Single Home |
$1,600 |
| 3-Bedroom Single Home |
$2,400 |
| 4-Bedroom Single Home |
$2,499 |
| 4+1 Bedroom Single Home |
$2,950 |
Pet-Friendly Rental Homes Options in Oxford
There are several pet-friendly apartments available in the Oxford region for pet-owners who are looking to move with their furry friends. Several listings cater to the pet-owners who want to inhabit the place with their pets. One can choose from the variety of pet-friendly listings available online and select the one which meets their housing requirements and budgetary goals. The listing prices don’t differ much in the case of a pet-friendly listing. The charming countryside provides a suitable atmosphere for your pet to run around and reconnect with nature.
Rental Demographics
The population in Oxford, as per the census in 2016, was 1,10,862. The number of single-home dwellings in the region was 45,350, of which residents occupied 44,266. The rental market in Oxford is not as vibrant as its metropolitan counterparts. However, the rise in prices of real estate in Oxford forecasts a shift where young adults might gravitate towards rental housing to counter the rising inflation.
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