Olivette, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Olivette Neighborhoods Since 2000




Olivette, MO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Olivette Housing Market Information

With 7,870 people, 3,062 houses or apartments, and a median cost of homes of $468,325, 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 75.03% of the city's housing units. Other types of housing that are prevalent in Olivette include large apartment complexes or high rise apartments ( 12.51%), duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), and a few row houses and other attached homes ( 2.66%).

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 78.31% of Olivette's homes, and 69.64% 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 61.68% of the city's housing hails from this era. Other housing ages represented in Olivette include homes built between 1970-1999 ( 23.38%) and housing constructed between 2000 and later ( 10.12%). There's also some housing in Olivette built before 1939 ( 4.82%).

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 4.60%, which ranks in the top 40% nationwide. This equates to an annual average Olivette house appreciation rate of 0.45%.

Appreciation rates are so strong in Olivette that despite a nationwide downturn in the housing market, Olivette real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Olivette appreciation rates continue to be some of the highest in America, at 6.93%, which is higher than appreciation rates in 80.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Olivette. Olivette appreciation rates in the latest quarter were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Missouri, our data show that Olivette's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$468,325

Olivette, MO HOME PRICES

Value Range
> $1,173,000 2.2
$880,001 - $1,173,000 4.3
$587,001 - $880,000 11.9
$469,001 - $587,000 8.9
$352,001 - $469,000 17.9
$235,001 - $352,000 21.5
$117,001 - $235,000 23.9
$58,001 - $117,000 7.3
$0 - $58,000 2.0

Very High for MO
Very High for Nation

Value Relative to Nation Value Relative to State
6.81471932497363 1.2

Number Of Homes And Apartments:
3,062

Olivette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.46% 2.51% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,339 / per month

Homeownership Rate

Homeownership
Owners 78.31
Renters 21.69
Vacant 8.32

Housing Market Details

 

Age of Homes

AGE OF Olivette HOMES
2000 or Newer 10.1
1970 - 1999 23.4
1940 - 1969 61.7
1939 or Older 4.8

Types of Homes

TYPE OF Olivette HOMES
Single-Family 75.0
Townhomes 2.7
Small Apt. Buildings 7.6
Apt. Complexes 12.5
Mobile Homes 2.0
Other 0.1

Home Size

SIZE OF Olivette HOMES
No Bedroom 0.00
1 Bedroom 4.10
2 Bedrooms 20.60
3 Bedrooms 47.90
4 Bedrooms 21.74
5 or more bedrooms 5.66