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 $76. The median price of homes currently listed in Olive Branch is $197,844 while the median price of homes that sold is $106,163. The median rent price in Olive Branch is $1,295, which is higher than the Memphis Metro median of $900.

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 6.6 and also lower than the national value of 3.9

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 5.8%, which is lower than the national value of 6.3%. 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 26.4%, which is higher than Memphis Metro at 25.1%.

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Relative ZHVI
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Olive Branch Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • $197,844 Median listing price
  • $106,163 Median sale price (Jan 31, 2015)
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Olive Branch Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 26.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

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

Name Median ZHVI
Germantown $270,900
Collierville $261,900
Lakeland $231,600
Name Median ZHVI
Piperton $182,100
Bartlett $153,000
Rossville $149,700
Name Median ZHVI
Byhalia $120,700
Red Banks $116,500
Memphis $66,200

Listings & Sales

Data through Feb 28, 2015
  • $94 Median list price / sq ft
  • $75 Median sale price / sq ft (Jan 31, 2015)
  • 8.1% Listings with price cut
33.3%
Sold below listing
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Olive Branch Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,399 Olive Branch
    $1,067 Memphis Metro
    $1,355 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
  • $0.81 Rent list price / sq ft
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