ZIP Code Market Report
38655 — Oxford, MS
Data through February 2026 · Updated monthly
Avg Home Value
$410,674
▲ 4.4% year-over-year
Month-over-Month
+0.2%
▲ 0.2%
Single Family
$412,961
Condo / Co-op
$367,925
The average home value in the 38655 ZIP code (Oxford, Mississippi) is $410,674 as of February 2026. Home prices are rising, up 4.4% compared to last year.
A 3-bedroom home in 38655 is valued at $406,689. 1-bedroom units start around $256,124. Single-family homes average $412,961, while condos average $367,925.
The market in 38655 has a $363,069 spread between bottom-tier homes at $286,662 and top-tier homes at $649,731. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 38655 ZIP code will increase 1.5% over the next 12 months, bringing the projected average to approximately $416,835. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Lafayette County market area in Mississippi. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Lafayette County report.
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Market Snapshot
38655 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $412,079 | $410,040 | $410,674 | ▼ 0.3% |
| Single Family Value | $410,393 | $411,123 | $412,961 | ▲ 0.6% |
Home Values
38655 Home Value Trend
Historical home values for ZIP code 38655. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 38655
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $256,124 |
| 2 Bedrooms | $307,031 |
| 3 Bedrooms | $406,689 |
| 4 Bedrooms | $578,331 |
Property Types
Home Values by Property Type in 38655
How different property types compare in this ZIP code.
All Homes
$410,674
Single Family
$412,961
Condo / Co-op
$367,925
Bottom Tier
$286,662
Top Tier
$649,731
Forecast
12-Month Home Value Forecast for 38655
Zillow projects home values in 38655 will increase 1.5% over the next year, reaching approximately $416,835.
Current Value
$410,674
Projected Change
+1.5%
▲ 1.5%
Projected Value
$416,835
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 38655 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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