Olivette, MO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Olivette, MO Housing Market Trends

With 7,822 people, 2,926 houses or apartments, and a median cost of homes of $530,463, Olivette house prices are not only among the most expensive in Missouri, Olivette real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Olivette, accounting for 76.13% of the city's housing units. Other types of housing that are prevalent in Olivette include large apartment complexes or high rise apartments ( 13.60%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few row houses and other attached homes ( 2.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olivette. Owner-occupied housing accounts for 71.43% of Olivette's homes, and 65.77% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Olivette's housing was primarily built during this period, from the '40s through the '60s. A full 66.72% of the city's housing hails from this era. Other housing ages represented in Olivette include homes built between 1970-1999 ( 19.90%) and housing constructed between 2000 and later ( 10.33%). There's also some housing in Olivette built before 1939 ( 3.04%).

Olivette Home Appreciation Rates

Appreciation rates for homes in Olivette have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.58%, which ranks in the top 40% nationwide. This equates to an annual average Olivette house appreciation rate of 3.24%.

Over the last year, Olivette appreciation rates have trailed the rest of the nation. In the last twelve months, Olivette's appreciation rate has been 4.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Olivette were at 1.67%, which equates to an annual appreciation rate of 6.85%.

Relative to Missouri, our data show that Olivette's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$530,463

Olivette, MO HOME PRICES

> $1,179,000
2.1%
2.1%
$884,001 - $1,179,000
7.5%
7.5%
$589,001 - $884,000
14.3%
14.3%
$471,001 - $589,000
11.1%
11.1%
$354,001 - $471,000
18.7%
18.7%
$236,001 - $354,000
21.0%
21.0%
$118,001 - $236,000
16.5%
16.5%
$59,001 - $118,000
7.2%
7.2%
$0 - $59,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MO

Value Relative To Nation

Number Of Homes And Apartments:
2,926

Olivette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
82.45% 2.90%
9
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,563 / per month

Homeownership Rate

Owners
71.4%
71.4%
Renters
28.6%
28.6%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.3%
10.3%
1970 - 1999
19.9%
19.9%
1940 - 1969
66.7%
66.7%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.1%
76.1%
Townhomes
2.4%
2.4%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
13.6%
13.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
6.8%
6.8%
2 Bedrooms
19.4%
19.4%
3 Bedrooms
42.9%
42.9%
4 Bedrooms
22.8%
22.8%
5 or more bedrooms
7.7%
7.7%
0.0% 100.0%
% OF HOMES