Market Overview
Home Prices in Olive Branch, IL
The median home value in Olive Branch, IL is $80,179 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.8% compared to a year ago and down 9.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olive Branch are priced80% below average. Olive Branch is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Olive Branch home values have fallen by approximately31.5%, reflecting softening conditions in this market.
Price History
Olive Branch Home Price Trend
City Comparison
Olive Branch vs. National Median
At $80,179, homes in Olive Branch cost 80% below the national median of $410,000. This makes Olive Branch a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olive Branch?
20% Down Payment
$16,036
on $80,179
Monthly P&I
$418/mo
30-yr @ 6.8%
Total Monthly Est.
~$531/mo
incl. taxes & insurance
Income Needed
$21,240
gross annual (30% rule)
10% Down Option
$8,018
+ PMI applies
Loan Amount (20% dn)
$64,143
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Olive Branch, IL?
The median home value in Olive Branch is $80,179 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.8% year-over-year.
How much have home prices changed in Olive Branch?
Over the past year, home values in Olive Branch have decreased by 3.8%. Over five years, prices have fallen approximately 31.5%.
How much do I need to earn to buy a home in Olive Branch?
To comfortably afford the median home price of $80,179 with a 20% down payment ($16,036) at today's rates (6.8%), you'd need a gross annual income of approximately $21,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Olive Branch compare to the national average home price?
The national median home value is approximately $410,000. At $80,179, homes in Olive Branch are 80% below the national average.
What metro area is Olive Branch part of?
Olive Branch is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.