In the year ending December 2019, the average (median) house price paid in Oxford was £395,000 across all house types, remaining fairly stable compared to the previous year.
Median house prices across property types in Oxford for the year ending December 2019 and the change since the previous year were the following:
- Detached: £700,000 (-11.4%)
- Semi-detached: £425,000 (+3.7%)
- Terraced: £412,500 (+3.1%)
- Flat/Maisonette: £290,000 (+7.9%)
At the lower end of the market house prices are more than twelve times residence-based earnings (ONS, Housing affordability 2019), indicating the difficulty in entering homeownership.
Oxford remains the least affordable UK cities for housing with average house prices over 17 times the average salary (Centre for Cities 2019).
Rented housing in Oxford is also relatively expensive – monthly rents in the city are some of the highest in the South East (Valuation Office Agency).
Housing tenure and accommodations
Between 2001 and 2011, there has been little change in the number of detached, semi-detached and terraced houses in which people live. However, there has been a large increase in the number of households living in purpose-built flats, from nearly 11,000 in 2001 to nearly 15,000 in 2011.
The number of households renting their home in the private sector rose by almost 50%, from nearly 11,000 households in 2001 to nearly 16,000 households in 2011. The number of households who owned their house declined.
The percentage of households who own their home is relatively low in Oxford – 47% compared to 63% in England. The percentage of households who rent their home in the private sector is high – 28% in Oxford compared with 17% in England.
As of March 2020, there were 93 households in temporary accommodation. As of 1st April 2020, our housing waiting list figures included 2,675 households.
According to the 2018 Council Tax stock of properties, there are over 60,000 domestic properties in Oxford.
Chart of the Month
Housing type data and chart, 2011 Census
Housing tenure data and chart, 2011 Census
Housing live tables, Department for Communities and Local Government
House price statistics for small areas 1995-2015, Office for National Statistics
Price paid data, Land Registry
A Century of Home Ownership and Renting in England and Wales, Office for National Statistics
Private rental market statistics, Valuation Office Agency
Council Tax: Stock of properties 2016, Valuation Office Agency