Home Values

Olive Branch Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Olive Branch is $95, which is higher than the Memphis Metro average of $80. The median price of homes currently listed in Olive Branch is $209,315 while the median price of homes that sold is $161,477. The median rent price in Olive Branch is $1,375, which is higher than the Memphis Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Olive Branch 0.4 homes are foreclosed (per 10,000). This is lower than the Memphis Metro value of 8.4 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Olive Branch is 6.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Olive Branch homeowners underwater on their mortgage is 22.5%, which is lower than Memphis Metro at 24.1%.

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Relative ZHVI
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Olive Branch Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $209,315 Median listing price
  • No recent data Median sale price
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Olive Branch Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 22.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.4 homes(May 31, 2011) Olive Branch
8.4 homes Memphis Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Germantown $275,500 Collierville $265,000 Nesbit $194,200
Hernando $187,600 Rossville $167,500 Lynchburg $146,700
Southaven $137,100 Byhalia $112,500 Memphis $68,100

Listings & Sales

Data through Aug 31, 2014
  • $95 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.8% Listings with price cut
33.7%
Sold below listing
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Olive Branch Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,418 Olive Branch
    $1,058 Memphis Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,375 Rent list price
  • $0.83 Rent list price / sq ft
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