Olive Branch, Mississippi Housing Market Prices
Olive Branch Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 70% below the Mississippi median$39,397
-
Median rent 91% above the Mississippi median$1,825
Housing Market Overview
| Metric | Olive Branch | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,397 | $130,069 | $248,835 |
| Price Trend (Annual %) | 0.7% | 5.6% | 7.5% |
| Median Gross Rent | $1,825 | $954 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Olive Branch is about 70% lower than in Mississippi. Rent is about 91% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Olive Branch, up about 0.7% and 6.6% a year respectively. Rent is changing faster.
Median rent in Olive Branch rose about 68.2% between 2015 and 2024, from $1,085 to $1,825. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Olive Branch.
Buying the median-priced home in Olive Branch costs roughly 1.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Olive Branch. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Olive Branch | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,397 | $130,069 | $248,835 |
| Median Household Income | $99,194 | $56,669 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Olive Branch fell about 73.2%, while median household income rose about 36.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Olive Branch | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.5% | 59.8% | 58.5% |
| Rental Rate | 16.3% | 25.6% | 31.2% |
| Vacancy Rate | 3.2% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Olive Branch has a homeownership rate of 80.5%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 3.2%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Olive Branch | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 2001 | 1986 | 1978 |
| Median Number of Rooms | 6.7 | 5.7 | 5.5 |
The typical housing unit in Olive Branch was built around 2001. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 12.0 years on average.
Olive Branch, MS Housing Compared With Nearby Cities
How Olive Branch, MS compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Olive Branch, MS | 48,912 | $39,397 #3/3 | $1,825 #1/3 | 83.2% #1/3 |
| Germantown, TN | 42,327 | $498,811 | $1,697 | 80.9% |
| Collierville, TN | 52,351 | $156,257 | $1,644 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Olive Branch, Mississippi.
What is the median home price in Olive Branch, Mississippi?
The median home price in Olive Branch, Mississippi is $39,397, lower than the Mississippi average of $130,069.
What is the average home price in Olive Branch, Mississippi?
The typical home price in Olive Branch, Mississippi, reported as the median sale price, is $39,397. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Olive Branch, Mississippi?
The median gross rent in Olive Branch, Mississippi is $1,825 per month, higher than the Mississippi average of $954.
What was the median gross rent in Olive Branch in 2020?
In 2020, the median gross rent in Olive Branch, Mississippi was $1,190 per month.
What is the price-to-rent ratio in Olive Branch, Mississippi?
The price-to-rent ratio in Olive Branch, Mississippi is about 1.8, meaning it would take roughly 1.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Olive Branch.
Are home prices or rent rising faster in Olive Branch, Mississippi?
Both home prices and rent are rising in Olive Branch, up about 0.7% and 6.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Olive Branch, Mississippi?
80.5% of households in Olive Branch, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Olive Branch, Mississippi?
The housing vacancy rate in Olive Branch, Mississippi is 3.2%, lower than the Mississippi average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →