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MarketsMississippiOxford

Cap Rate Analysis: Oxford, MS

Investment metrics, interactive calculators, and data-driven analysis for Oxford rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Moderate — source deals carefully
Based on $395,000 median price and $2,350/mo median rent
Est. Cap Rate
5.15%
1% Rule
0.59%
Fails
GRM
14.0x
Price / Income
10.0x

Market Data

Median Home Price$395,000
Median Monthly Rent$2,350
Property Tax Rate0.66%
Population50,000
Population Growth0.2% / yr
Median Household Income$39,333
Vacancy Rate7.4%
Annual Appreciation1.8%

Cap Rate Calculator — Oxford

Pre-filled with Oxford medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.66% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
4.27%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$16,849
net operating income
Gross Rent Multiplier
14.0x
Good (<15)
1% Rule
0.59%
✗ Fails
Monthly Cash Flow
$1,404
before debt service
Annual Breakdown
Gross Rental Income$28,200
Less Vacancy−$2,087
Effective Income$26,113
Less Operating Expenses−$9,264
Net Operating Income$16,849
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Cash-on-Cash Return — Oxford

Factor in financing to see your actual return on invested capital in Oxford.

$
$98,750
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-6.17%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$110,600
$98,750 down + $11,850 closing
Monthly Mortgage
$1,931
on $296K loan
Monthly Cash Flow
$-568
after all expenses
Annual Cash Flow
$-6,820
before taxes
Cash Flow Breakdown
Monthly Rent$2,350
Less Expenses−$987
Less Mortgage−$1,931
Monthly Cash Flow$-568

Is Oxford a Good Place to Invest in Rental Property?

Oxford, MS has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $395,000 paired with median rents of $2,350/mo produces an estimated cap rate of 5.15%.

Property taxes at 0.66% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 7.4% runs above average, which increases cash flow volatility and warrants conservative underwriting.

At a price-to-income ratio of 10.0x, homes cost about 10.0 times the local median income of $39,333. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 1.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Oxford presents moderate opportunities. Cap rates near 5.15% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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