Rent to own Homes in Olive Branch, MS
The fastest growing city in the U.S., Olive Branch, MS, grew 838 percent from 1990 to 2010. This suburb of Memphis is a dynamic place. Despite the growth, Olive Branch is known for its local businesses, many of which are decades old. Standouts include Olive Branch Olde Towne Bakery, a regional institution since 1982 and Old Style Barbecue, serving up ribs and brisket since 1976. Olive Branch has the best of both worlds -- a vibrant, growing city with small-town ideals.
Olive Branch, MS is a great place for affordable rent-to-own homes! With a median household income of over $78,939 and a median rent of $1,182, the Olive Branch, MS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Olive Branch, MS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Olive Branch, MS Property Resources
Rent to own Homes in Cities Near Olive Branch, MS
- Arkabutla
- Arlington
- Bartlett
- Bridgetown
- Byhalia
- Coldwater
- Collierville
- Cordova
- Eads
- Eudora
- Germantown
- Hernando
- Horn Lake
- Independence
- Lake Cormorant
- Lakeland
- Lakeview
- Lamar
- Lynchburg
- Memphis
- Millington
- Mount Pleasant
- Nesbit
- Olive Branch
- Piperton
- Pleasant Hill
- Red Banks
- Rossville
- Senatobia
- Southaven
- Victoria
- Walls
- West Memphis
Neighborhoods in Olive Branch, MS
Olive Branch rent to own homesPopular Zip Codes in Olive Branch, MS
38654 rent to own homesBuying a Home in Olive Branch, MS
Olive Branch, MS is seeing rapid growth and Olive Branch, MS's' housing market remains optimal with an average home price that is -13% below the 2024 national average. Olive Branch, MS is part of DeSoto county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county DeSoto is 0.7% which is below the national average, which is 0.99%.
Median Home Price in Olive Branch, MS
Median Rent in Olive Branch, MS
Top 3 Reasons to Live in Olive Branch, Mississippi
Hang out in Olde Towne! Olive Branch's thriving historic downtown is a postcard picture of a small southern business district. Known as Olde Towne, the area is the cultural and social heart of the city, and routinely hosts festivals, concerts, chili cook-offs, 5k races, live music and other outdoor activities. The Olive Branch Old Towne Preservation and Development Association is a business group that makes it their mission to grow downtown businesses while maintaining the district's character. For visitors and newcomers, the Olde Towne Historic Walking Trail is one of the best ways to connect with the town.
Have your pick of homes! The fast-paced growth of the past two decades has led to a surge of new construction, particularly in subdivisions such as Easter and Magnolia Lakes. At the same time, the city has plenty of charming older homes, many with acreage for privacy and relaxation. One of the benefits of Olive Branch is its startlingly low crime -- the overall chances of a resident being a victim of a crime in Olive Branch is roughly 15 percent of the national average. This means that it would be hard to choose an unsafe neighborhood in the city. For new homebuyers, rent to own home buying can be a terrific way to enter the market, and Olive Branch has plenty rent to own options available.
Rising home prices! Rising home prices help assure your investment, and Olive Branch's growth means that prices have risen. The median home price has risen significantly over the past year, and the median sale price now sits at $143,750. Available listings are spread among a variety of neighborhoods such as Pleasant Hill or Cedarview, which boast a nearby golf courses.