Oxford, MS Rent To Own Homes

Rent-to-Own Homes in Oxford, MS: What You Need to Know

Named for the university city in England with the same name, Oxford, Mississippi, is a city in Lafayette County. According to lore, the founders of Oxford chose the name in the hope that the city would become the home of a great university as well. The University of Mississippi, more commonly known as Ole Miss, was eventually situated in Oxford and has become the most well-known school in the state.

Job Opportunities in Oxford

The average salary of an Oxford resident is $25,875, below the national average, by just over $5,000. Top industries in the area include education, retail trade, hospitality, and foodservice. The unemployment rate is 5.6%, which is above the national average of 4.7%.

The Cost of Living in Oxford 

Oxford is an affordable choice for prospective homebuyers, ranking 11% less expensive than the national average. Housing expenses are higher than in other parts of the state, but still 10% more economical than the national average. While all other essential living expenses are just below the national average, transportation is significantly less here than in other parts of the country. The sales tax rate is currently 6.5%, as the county does levy additional sales taxes. Income tax is dependent on income and ranges between 3%-5%.

The Local Weather and Climate 

With short, cold winters and long, hot summers, Oxford has the exact weather one would expect from a southern city. As is typical of a subtropical climate, the lows in January, the coldest month, typically hover around 38ºF, while highs in July, the warmest month, average 84ºF. The humidity of the summer makes the weather somewhat uncomfortable on the hottest days. Spring and fall months are, therefore, the best time of year to visit.

Schools and Higher Education

Oxford School District serves the residents of this Mississippi city, providing seven schools for the 4,500 pre-school to grade twelve population of the city. Consistently rated by the state as Grade A schools, the Oxford SD prides itself on excellence in the curriculum, extra-curricular activities, and specialty services for students. 

Five colleges and universities are in or near Oxford. In addition to the University of Mississippi (Ole Miss), the city hosts Franklin University, Rust College, Blue Mountain College, and Northwest Mississippi Community College. Several others are a reasonable drive from the city.

Shopping in Town

Shopping in Oxford abounds with malls, boutiques, and markets. Most major ‘box stores’ and major retailers have a presence in and around Oxford, making shopping here a breeze. Boutique shopping, where local flavor and flair is best exhibited, can be found near Queen Street and the surrounding area. Those who prefer to go antiquing will enjoy the experiences at both Sugar Magnolia and the Depot Antique Mall. Farmer’s markets and discount shopping is also available for the sustainability-minded and budget-conscious shopper alike.