Olive Branch Mississippi Area Home Supply Charts

This page looks at a variety of Olive Branch Mississippi housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Olive Branch depicts it has a Housing Units of 15,320 which is in the center range of other places in the surrounding region.

Figure 2 illustrates the housing density in the Olive Branch housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Olive Branch shows it has a Housing Density of 417.2 which is in the center range of other places in the local area. The city with the highest housing density in the area is Germantown which depicts a density of 799.6 (about twice as large). Comparing housing density to the United States average of 39.5, Olive Branch is substantially bigger. Also, compared to the state of Mississippi, housing density of 28.0, Olive Branch is markedly bigger.

In Figure 4, Olive Branch area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Olive Branch shows it has a Housing Unit Change of 18.4% which is in the middle range of other places in the metropolitan area. The city with the highest change in the housing units in the area is Byhalia which shows a housing units of 41.1% (approximately 2.2 times bigger). Comparing change in the housing units to the United States average of 7.4%, Olive Branch is approximately 2.5 times bigger. Also, benchmarked against the state of Mississippi, change in the housing units of 3.3%, Olive Branch is quite a bit bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Olive Branch depicts it has a Renter Percent of 20.4% which is in the mid point range of other places in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 79.6% which is in the mid point range of other places in the surrounding region.

Olive Branch Mississippi Home Cost Charts

Looking at the housing data provided in Figure 7, the average Olive Branch home price is illustrated for this community and a useful analysis of affordable housing. Olive Branch shows it has a Median Home Value of $204,800 which is less than most other places in the surrounding region. The city with the highest median home price in the area is Germantown which indicates a home price of $358,600 (75.1% larger). Figure 8 provides aggregate comparative data for the Olive Branch Mississippi metro area in terms of the median housing rental rate, apartment rent, etc. Olive Branch depicts it has a Median Gross Rent of $1,325 which is the third most rental rates of all other places in the greater Olive Branch region. The city with the highest rental rates in the area is Collierville which depicts a rental rates of $1,453 (9.7% larger). Comparing rental rates to the United States average of $1,163, Olive Branch is 13.9% larger. Also, compared with the state of Mississippi, rental rates of $830, Olive Branch is 59.6% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Olive Branch has one of the largest proportions of home price worth less than $50,000 at 3% of the total and is ranked #3. Only #2 Southaven (13%), and #1 Byhalia (41%) are larger. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 43% of the total and is ranked #2. The only larger city being Southaven with 45%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Olive Branch depicts it has a Median Owner Cost of $1,171 which is less than most other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Olive Branch metro area. it has a Owner Cost as % of HH Income of 16% which is less than most other places in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Olive Branch depicts it has a Median Home Value as Percent of Median Earnings of 400% which is in the center range of other places in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Olive Branch shows it has a Median Owner Costs-With Mortgage of $1,383 which is less than most other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $509 which is the third most median housing cost of all other places in the greater Olive Branch region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Olive Branch has the percentage of owner cost less than $300 in the center range of other places in the greater region at 10% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 12% of the total and is ranked #2. The only larger city being Hernando with 12%. Third, it has the largest proportion of owner cost between $700 and $1,000 at 32% of the total and is ranked #1. Also, it has one of the largest proportions of owner cost between $3,500 and $4,000 at 0% of the total and is ranked #3. Only #2 Collierville (4%), and #1 Germantown (8%) are larger.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Olive Branch depicts it has a % of Income Owner Costs-With Mortgage of 19% which is in the mid range of other places in the metro area. The city with the highest cost as a percent of household income in the area is Byhalia which shows a cost as a percent of household income of 30% (56.1% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Olive Branch depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the third most cost as a percent of household income of all other places in the greater Olive Branch region. The city with the highest cost as a percent of household income in the area is Byhalia which shows a cost as a percent of household income of 16% (78.9% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Olive Branch has one of the largest proportions of rent as a percent of income is less than 10 pct at 31% of the total and is ranked #2. The only larger city being Collierville with 35%. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 24% of the total and is ranked #3. Only #2 Hernando (24%), and #1 Southaven (26%) are larger. Third, it has less than most other places in the local area when ranked by rent as a percent of income is between 20pct to 30pct at 7% of the total. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 27% of the total and is ranked #2. The only larger city being Germantown with 29%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Olive Branch has the largest proportion of housing cost between $700 and $1,000 at 37% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,571 which is in the middle range of other places in the greater region. The city with the highest median real estate taxes paid in the area is Germantown which depicts a taxes paid of $4,318 (approximately 2.7 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Olive Branch is approximately half the size. Also, measured against the state of Mississippi, median real estate taxes paid of $1,052, Olive Branch is 49.3% larger.

Figure 23 shows the rental rate distribution for this area. Olive Branch Mississippi has the percentage of rent between 300 and 500 dollars less than most other places in the local area at 3% of the total. Second, it has the largest proportion of rent between 750 and 1000 dollars at 54% of the total and is ranked #1. Third, it has the largest proportion of rent between $2,500 and $3,500 at 4% of the total and is ranked #1.

Olive Branch Mississippi Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Olive Branch has the percentage of With HELOC no Primary Mortgage in the middle range of other places in the metro area at 30% of the total.

Olive Branch Mississippi Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the third most of all other places in the metro area. The city with the highest family members per housing unit in the area is Bridgetown CDP which depicts a family members per housing unit of 3.5 (8.9% larger). Comparing family members per housing unit to the United States average of 3.3, Olive Branch is only about 2.1% smaller. Also, in comparison with the state of Mississippi, family members per housing unit of 3.3, Olive Branch is only about 2.5% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.6 which is in the center range of other places in the surrounding region. The city with the highest average number of rooms in a house in the area is Germantown which shows an average number of rooms in a house of 8.1 (22.7% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1997 which is the third most of all other places in the area. The city with the highest year built in the area is Hernando which shows a year built of 2000 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2019 at 29% of the total and is ranked #3. Only #2 Bridgetown CDP (29%), and #1 Hernando (36%) are larger. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 33% of the total and is ranked #2. The only larger city being Collierville with 33%. Third, it has the second smallest as measured by homes built in 2020 or later of all the other places in the metropolitan area in order of homes built between 1980 to 1989 at 6% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 3,008 of the total and is ranked #3. Only #2 Collierville (3,623), and #1 Southaven (5,885) are larger.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other places in the greater region at $252,400 of the total. Second, it has in the mid range of other places in the local area as measured by value of homes built 2010 to 2013 at $230,400 of the total. Third, it has less than most other places in the metro area in order of value of homes built 2000 to 2009 at $183,200 of the total. Also, it has in the center range of other places in the metro area in order of value of homes built 1990 to 1999 at $175,000 of the total. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $221,600 of the total and is ranked #3. Only #2 Collierville ($250,900), and #1 Germantown ($297,500) are larger. Furthermore, it has in the center range of other places in the local area in order of value of homes built 1970 to 1979 at $160,700 of the total. Next it has one of the largest proportions of value of homes built 1950 to 1959 at $172,500 of the total and is ranked #3. Only #2 Byhalia ($177,800), and #1 Collierville ($204,700) are larger. Additionally, it has one of the largest proportions of value of homes built 1940 to 1949 at $133,000 of the total and is ranked #3. Only #2 Hernando ($217,400), and #1 Collierville ($353,200) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Olive Branch residents. it has a Owner-Household Size of 2.6 which is in the mid point range of other places in the local area. The city with the highest homeowner household size in the area is Bridgetown CDP which shows a homeowner household size of 3.4 (28.6% larger).

Figure 37 shows the household size for renters. Olive Branch indicates it has a Renter-Household Size of 2.8 which is the largest of all places in the surrounding region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2010 to 2014 the second smallest when ranked by owners moved in 2019 or later of all the other places in the local area at 26% of the total. Second, it has the largest proportion of owners moved in 2000 to 2009 at 15% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Olive Branch has the largest proportion of renters moved in 2019 or later at 61% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2010 which is the third most median year that a home owner moved in of all other places in the greater Olive Branch region. Figure 41 compares the median year that renters moved into their home. Olive Branch depicts it has a Renter Median Year Moved In of 2017 which is the second most median year that a renter moved in of all the places in the greater Olive Branch region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using wood at 0% of the total and is ranked #1.