The City:
The city of Oxford, located in Lafayette County in the state of Mississippi, was founded in 1835 and was named after the famous British university town of Oxford, boasts a population of about 20,000 residents and is home to the University of Mississippi, better known as “Ole Miss”.
Notable Citizens:
Authors: John Grisham, Barry Hannah, Curtis Wilkie, and Jane Ann Mullen have lived in the city of Oxford at some point in their lives.
Famous Artists: Glennray Tutor, Jere Allen, and Paula Temple have spent time living in Oxford MS.
The 2008 Super Bowl winner, Eli Manning of the New York Giants, also resided in the city of Oxford while attending the University of Mississippi.
2008 Presidential Debate:
On September 28, 2008, the first presidential debate of the year took place at the University of Mississippi in Oxford; the event attracted more than 3,000 journalists.
Oxford MS Real Estate:
In the past decade, Oxford has gone through sweeping changes in terms of new commercial and home construction projects. Many Oxford landmarks such as “The Hoka” and “The Gin” have been demolished to make room for new construction projects, the majority of these new projects have been luxury condos and selling prices are typically in the 6 figures. The area surrounding “The Square” is considered to be the best/most expensive real estate. Homes in the square typically cost two to three times more than a similar home would cost in the rest of Oxford. Commercial rental is also considerably more expensive than a comparable sized property outside of the square.
Because of Oxford’s proximity to nearby music cities such as Nashville and Memphis, the town square always bands playing and has a lively feel to it. Because of these features buying Real Estate in Oxford MS is one of the best investments one can make with the help of Oxford MS Real Estate. Real estate prices have come down considerably because of the “credit crunch” and currently the average price of a home in Oxford MS (outside of the square) is $188,000. Because of the square, the rest of the properties in Oxford are more attractive to buyers.
Because of the great location of the city of Oxford, close to Nashville and Memphis, the fact that the University of Mississippi is in Oxford, and number of famous people that have lived in or are currently living here, the prices of homes are surely to increase as the United States economy starts to recover in the coming months/years. Don’t miss your chance at owning real estate in a great location with great prices.
