Home Values in Olive Branch, Mississippi — 2026 Market Report
Updated March 2026 | Buyer's Market | +1.7% YoY
The median home value in Olive Branch, Mississippi is $255,000 as of March 2026, which is below the national median of $400,000. Home values in Olive Branch have increased by 1.7% over the past year and 8.8% over the last five years. With a population of 42,606 and a median household income of $62,250, the price-to-income ratio stands at 4.1x, making Olive Branch affordable for the average household.
Olive Branch Housing Market Conditions
| Metric | Olive Branch | National Avg |
|---|---|---|
| Median Home Value | $255,000 | $400,000 |
| YoY Appreciation | +1.7% | +3.8% |
| 5-Year Appreciation | +8.8% | +22.4% |
| Price per Sq Ft | $65 | $222 |
| Days on Market | 67 days | 45 days |
| Months of Supply | 5.2 | 3.5 |
| List-to-Sale Ratio | 98.6% | 98.5% |
| Monthly Homes Sold | 27 | — |
| Foreclosure Rate | 0.74% | 0.3% |
Home Value Trends in Olive Branch
A homeowner who purchased at the median price of $234,375 five years ago in Olive Branch would have gained approximately $20,625 in equity, representing a 8.8% return on investment. Over the past year alone, the typical homeowner gained $4,263 in home equity.
Affordability in Olive Branch, MS
With a median household income of $62,250 and a median home price of $255,000, the price-to-income ratio in Olive Branch is 4.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,451 compared to estimated monthly ownership costs of $1,381 gives a rent-vs-buy ratio of 0.95. In Olive Branch, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Olive Branch
The effective property tax rate in Mississippi is 0.8%. On a home valued at $255,000, the estimated annual property tax bill is $2,040, or approximately $170/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Olive Branch is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Olive Branch, MS?
The median home value in Olive Branch, Mississippi is $255,000 as of March 2026. Home values have changed +1.7% over the past year, with a 5-year appreciation of 8.8%.
Is Olive Branch a buyer's or seller's market?
Olive Branch is currently a buyer's market with 5.2 months of housing supply. Homes spend an average of 67 days on market, and the list-to-sale price ratio is 98.6%. Higher inventory gives buyers more negotiating power.
Are home values going up in Olive Branch?
Yes, home values in Olive Branch have increased by 1.7% over the past year. The 5-year appreciation rate is 8.8%, meaning a home worth $234,375 five years ago is now worth $255,000.
Is it better to rent or buy in Olive Branch?
The average monthly rent in Olive Branch is $1,451, while estimated monthly homeownership costs are approximately $1,381. The price-to-rent ratio is 14.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Olive Branch, Mississippi is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.