Olive Branch, MS Real Estate
According to census data in the year 2000 there were 8,061 housing units in Olive Branch.
This represents a 479.1% growth from 1,392 in 1990.
Of those housing units, 6,221 were located in either urbanized areas or urban clusters, and 1,840 were located in what is classified as a rural area.
Homeownership rate in Olive Branch is about 84.2%.
Olive Branch's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.77 people.
The majority of houses, apartments or condos in Olive Branch were built after 1994.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 4.40% |
| Two Bedrooms | 12.60% |
| Three Bedrooms | 63.10% |
| Four Bedrooms | 16.90% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1994 |
| Median Value of occupied units | $125,800 |
| Median Price asked for vacant units | $154,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1992 |
| Median Monthly Rent asked for vacant units | $433 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 69% |
| Debt Free | 17.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
