The story of this market
The typical home in ZIP 48371 sells for about $415,601, or $168 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,358 a month.
ZIP 48371 — Oxford
The 48371 housing market remains stable with a median price of $415,601, supported by consistent demand for single-family homes. While inventory is relatively tight, the market shows resilience with steady year-over-year price growth. Buyers are active, though the pace of sales is moderated by current interest rate environments.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to outdoor recreation, while still maintaining a manageable commute to major Oakland County employment centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 6.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48371, Oakland County MI
Oxford generally reports lower crime rates compared to the broader Detroit metropolitan area, with property crime being the primary concern. Local law enforcement maintains a stable presence in this suburban-rural transition zone.
The area is primarily served by Oxford Community Schools, which maintains a solid reputation for academic programming and extracurricular offerings within the region.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near lakes and wetlands.
Economic momentum is driven by its position as a growing northern Oakland County suburb, with ongoing residential development and proximity to major industrial and automotive corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Commuters primarily rely on M-24 and I-75 for access to employment hubs in Auburn Hills, Troy, and the broader Detroit metro area.
The area features numerous lakes, including Oxford Lake, and access to regional parks and trails, providing a strong outdoor amenity base for residents.
The rental market is characterized by limited inventory and steady demand, with a mix of single-family home rentals and smaller multi-family developments.
The local economy is supported by a mix of manufacturing, retail, and service industries, with significant employment influence from nearby automotive and tech hubs in Oakland County.
Transportation is heavily auto-dependent, with M-24 serving as the primary north-south artery connecting the area to the regional highway network.
Development is focused on managed residential growth and infrastructure upgrades to support the increasing population density.
The Oakland County Equalization Division oversees assessment standards, ensuring uniformity across local taxing jurisdictions.
Parcels are subject to local school district taxes, county-wide millages, and potential special assessments for utility or road maintenance.
Property insurance premiums are influenced by regional weather patterns and the prevalence of detached single-family housing stock.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Round1 Bowling & Arcade - Auburn Hills4.19.8 mi
- Dave & Buster's Utica4.119.7 mi
- The HUB Stadium & Restaurant, Auburn Hills4.412.7 mi
- Activate Games520 mi
- Sky Zone Shelby Township4.118.6 mi
- Pine Knob Music Theatre4.68.4 mi
- Topgolf4.29.8 mi
- Michigan Renaissance Festival4.414.9 mi
- SEA LIFE Michigan Aquarium4.39.6 mi
- Canterbury Village4.36.6 mi
- SEA LIFE Michigan Aquarium4.39.6 mi
- Round1 Bowling & Arcade - Auburn Hills4.19.8 mi
- LEGOLAND® Discovery Center Michigan4.29.7 mi
- Meadow Brook Hall4.812.2 mi
- Holly Recreation Area4.712.9 mi
- Cranbrook House & Gardens4.818.9 mi
- Cranbrook Institute of Science4.718.6 mi
- Meadow Brook Hall4.812.2 mi
- River Bends Park4.717.1 mi
- Cranbrook Art Museum4.718.9 mi
- Addison Oaks County Park and Campground4.66.2 mi
- Holly Recreation Area4.712.9 mi
- Rochester Municipal Park4.812.9 mi
- Metamora-Hadley Recreation Area4.58.4 mi
- Bald Mountain State Recreation Area4.67.6 mi
- Topgolf4.29.8 mi
- Shepherd's Hollow Golf Club4.312.4 mi
- Pine Knob Golf Club4.48.6 mi
- Paint Creek Country Club4.43.4 mi
- Fieldstone Golf Club3.910.6 mi
- Great Lakes Crossing Outlets4.59.7 mi
- Canterbury Village4.36.6 mi
- Meijer49.4 mi
- The Village Of Rochester Hills4.511.6 mi
- Dixieland Flea Market4.112.6 mi
- Bishop International Airport4.525.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular local lake for recreation and residential views.
A major regional non-motorized trail system passing through the area.
Historic district with local shops and restaurants.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).