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 $94, which is higher than the Memphis Metro average of $79. The median price of homes currently listed in Olive Branch is $209,900 while the median price of homes that sold is $161,477. The median rent price in Olive Branch is $1,295, 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 8.7 and also lower than the national value of 4.0

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 Sep 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $209,900 Median listing price
  • No recent data Median sale price
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Olive Branch Market Health

Data through Sep 30, 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
8.7 homes Memphis Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Germantown $277,500
Collierville $266,000
Lakeland $240,700
Name Median ZHVI
Piperton $237,000
Arlington $202,800
Rossville $186,600
Name Median ZHVI
Bartlett $157,500
Memphis $66,700
 

Listings & Sales

Data through Sep 30, 2014
  • $94 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.7% Listings with price cut
33.7%
Sold below listing
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Olive Branch Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,409 Olive Branch
    $1,063 Memphis Metro
    $1,335 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)
  • $1,295 Rent list price
  • $0.83 Rent list price / sq ft
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