Quick facts: Oxford, MA

Quick Facts

119.6
Cost of Living
above US average
13,911
Population
8.63
Crime Rate per 1000
below US average
$83,000
Median Income
above US average
$394,900
Median House Price
above US average
$2150.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $83,000.

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Income Needed to Buy

βœ— Stretch
$124k/year
Based on $394,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $124k vs median $83,000
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2150.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $83,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oxford, MA

Oxford, Massachusetts, is a charming town located in Worcester County, known for its small-town feel and rich history. Founded in the early 18th century, Oxford is nestled along the shores of the Quaboag River and is characterized by a blend of rural landscapes and suburban development. The town offers a range of outdoor recreational opportunities, including parks, hiking trails, and the nearby Lake Quinsigamond, ideal for fishing and boating. Oxford's community is family-oriented, featuring several local events and a strong school system. The town center boasts quaint shops and restaurants, contributing to its vibrant local economy. With its proximity to larger cities such as Worcester and even Boston, residents enjoy a peaceful suburban lifestyle while having access to the amenities and opportunities of urban areas. Cultural events often take place in the town, reflecting its historical significance and community spirit. Overall, Oxford is an attractive place for families and individuals looking for a balance of tranquility and convenience.

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