The Home Buyer's Korner

Information presented should be used for educational purposes only.

October 9th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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U of Mississippi Main Campus/Jackson Ave W

Oxford, Mississippi

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U of Mississippi Main Campus/Jackson Ave W real estate is primarily composed of multi-family housing and college renters, so no median house value data are available. The average rental price in U of Mississippi Main Campus/Jackson Ave W is currently $953, and the average rental cost in this neighborhood is higher than 72.3 percent of the neighborhoods in Mississippi.

U of Mississippi Main Campus/Jackson Ave W is an urban neighborhood located in Oxford, Mississippi, and is primarily made up of small studio to two bedroom to medium sized three or four bedroom single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the U of Mississippi Main Campus/Jackson Ave W neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences were built between 2000 to present day.

Vacant real estate is a major fact of life at U of Mississippi Main Campus/Jackson Ave W. and the current real estate vacancy rate here is 53.1 percent. This is higher than the rate of vacancies in 98.9 percent of all U.S. neighborhoods, but the data is skewed due to a large number of rentals catered to college students.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Oxford, the U of Mississippi Main Campus/Jackson Ave W neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

An extraordinary 85.2 percent of the residents of the U of Mississippi Main Campus/Jackson Ave W neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, one of the really interesting characteristics about the U of Mississippi Main Campus/Jackson Ave W neighborhood is that it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. Despite the excitement, however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.6 percent of college-friendly places to live in the state of Mississippi.

Many of those attracted to U of Mississippi Main Campus/Jackson Ave W neighborhood are families with an interest in higher education for their children. Many home buyers coming to the area are affiliated with Ole Miss. If you have a college bound child check out my blog post on Kiddie Condos to see if it’s something that’s right for you.

Renter-occupied real estate is dominant in the U of Mississippi Main Campus/Jackson Ave W neighborhood. The percentage of rental real estate here, is 99.2 percent, which is higher than 99.2 percent of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. 

In the U of Mississippi Main Campus/Jackson Ave W neighborhood, 40.7 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 18.3 percent, and 10.1 percent in manufacturing and laborer occupations.

Culture is shared and learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture, our learned behavior, comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestry often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the U of Mississippi Main Campus/Jackson Ave W neighborhood in Oxford, MS, residents most commonly identify their ethnicity or ancestry as German at 14.2 percent. There are also a number of people of Irish ancestry at 11.5 percent, and residents who report English roots at 10.3 percent. Some of the residents are also of French ancestry at 4.7 percent, along with some Italian ancestry residents at 4.7 percent, 4.5 percent of this neighborhood’s residents have Arab ancestry and 1.4 percent have Lebanese ancestry, among others.

The most common language spoken in the U of Mississippi Main Campus/Jackson Ave W neighborhood is English, spoken by 93.5 percent of households and 1.6 percent of its residents speak Arabic.

Livingston Homes for Sale

MISSISSIPPI HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace a deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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