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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 47,086, 17,054 total housing units (homes and apartments), and a median house value of $335,352, 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 89.55% of the city's housing units. Other types of housing that are prevalent in Olive Branch include large apartment complexes or high rise apartments ( 6.11%), duplexes, homes converted to apartments or other small apartment buildings ( 1.57%), and a few mobile homes or trailers ( 1.56%).
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 81.36% of Olive Branch's homes, and 80.36% have either three or four bedrooms, which is average sized relative to America.
Olive Branch homes and real estate are some of the newest in America. 47.71% of Olive Branch's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Olive Branch real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 46.46%), and between 1940-1969 ( 4.83%).
Appreciation rates for homes in Olive Branch have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.73%, which ranks in the top 50% nationwide. This equates to an annual average Olive Branch house appreciation rate of 6.56%.
NeighborhoodScout's data show that during the latest twelve months, Olive Branch's appreciation rate, at 7.70%, has been at or slightly above the national average. In the latest quarter, Olive Branch's appreciation rate has been 3.85%, which annualizes to a rate of 16.32%.
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.
$335,352
for Mississippi
for nation
17,054
$2,612 / per month