Olive Branch, MS Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Olive Branch, MS Housing Market Trends

With a population of 38,924, 13,252 total housing units (homes and apartments), and a median house value of $225,378, Olive Branch real estate is some of the most expensive in Mississippi, although Olive Branch home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Olive Branch, accounting for 86.16% of the city's housing units. Other types of housing that are prevalent in Olive Branch include large apartment complexes or high rise apartments ( 7.87%), mobile homes or trailers ( 2.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olive Branch. Owner-occupied housing accounts for 79.13% of Olive Branch's homes, and 79.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Olive Branch built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Olive Branch built between 2000 and later ( 39.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.00%). There's also some housing in Olive Branch built before 1939 ( 1.02%).

Olive Branch Home Appreciation Rates

Real estate appreciation rates in Olive Branch's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.59% during the period.

Over the last year, Olive Branch appreciation rates have trailed the rest of the nation. In the last twelve months, Olive Branch's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Olive Branch were at 1.74%, which equates to an annual appreciation rate of 7.15%.

Relative to Mississippi, our data show that Olive Branch's latest annual appreciation rate is lower than 60% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Olive Branch differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Olive Branch - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Olive Branch real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$225,378

Olive Branch, MS HOME PRICES

> $1,152,000
0.5%
0.5%
$864,001 - $1,152,000
0.3%
0.3%
$576,001 - $864,000
0.6%
0.6%
$461,001 - $576,000
2.1%
2.1%
$346,001 - $461,000
5.9%
5.9%
$230,001 - $346,000
23.1%
23.1%
$115,001 - $230,000
58.2%
58.2%
$58,001 - $115,000
5.9%
5.9%
$0 - $58,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MS

Value Relative To Nation

Number Of Homes And Apartments:
13,252

Olive Branch Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
30.02% 1.24%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,615 / per month

Homeownership Rate

Owners
79.1%
79.1%
Renters
20.9%
20.9%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
39.0%
39.0%
1970 - 1999
55.0%
55.0%
1940 - 1969
5.0%
5.0%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.2%
86.2%
Townhomes
1.6%
1.6%
Small Apt. Buildings
1.6%
1.6%
Apt. Complexes
7.9%
7.9%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
3.7%
3.7%
2 Bedrooms
10.6%
10.6%
3 Bedrooms
53.9%
53.9%
4 Bedrooms
25.5%
25.5%
5 or more bedrooms
6.0%
6.0%
0.0% 100.0%
% OF HOMES