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Olive Branch

Learn about the people, housing, costs and businesses in Olive Branch, Illinois

Median Home$68,000
Median Rent$673/month
Population585
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing14% finance & insurance
Retirees26% of residentsabove average nationally
Homeowners88% of occupied units
NotableAffordable Market$68k median home · lower cost than 99% of the country
Olive Branch
IL

Frequently Asked Questions

What are today's mortgage rates in Olive Branch?

As of today, the 30-year fixed mortgage rate for Olive Branch is approximately 7.002% (7.014% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Olive Branch?

The median home value in Olive Branch is $68k. The median monthly rent is $673. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Olive Branch?

Based on a typical all-in ownership cost of $574/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olive Branch is $63k/year.

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What industries drive the economy in Olive Branch?

The largest employment sectors in Olive Branch are public administration (23%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.