Oxford Southwest median real estate price is $375,611, which is more expensive than 91.9% of the neighborhoods in Mississippi and 51.7% of the neighborhoods in the U.S.
The average rental price in Oxford Southwest is currently $2,202, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.8% of the neighborhoods in Mississippi.
Oxford Southwest is a rural neighborhood (based on population density) located in Oxford, Mississippi.
Oxford Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Oxford Southwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Oxford Southwest. The current real estate vacancy rate here is 35.6%. This is higher than the rate of vacancies in 96.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Oxford, the Oxford Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research reveals that 91.0% of commuters who live in the Oxford Southwest neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.4% of U.S. neighborhoods.
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 35.6% of the residential real estate vacant, the Oxford Southwest neighborhood claims the distinction of having a higher vacancy rate than 96.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
If you're planning where to retire, the Oxford Southwest neighborhood in Oxford is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in MS, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.6% of the neighborhoods in Mississippi. If you are considering retiring to Mississippi, this is a good neighborhood to look at.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Oxford Southwest neighborhood in Oxford are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.8% of the neighborhoods in America. In addition, 2.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.3% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Oxford Southwest neighborhood, 35.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.4%), and 15.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Oxford Southwest neighborhood is English, spoken by 99.7% of households.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Oxford Southwest neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as English (13.2%). There are also a number of people of Irish ancestry (12.8%), and residents who report German roots (4.5%), and some of the residents are also of Asian ancestry (4.4%), along with some Italian ancestry residents (3.7%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Oxford Southwest neighborhood spend under 15 minutes commuting one-way to work (45.5% of working residents), one of the shortest commutes across America.
Here most residents (91.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.