Olive Branch, Mississippi

History and Geography of Olive Branch, Mississippi

Olive Branch is a city located in DeSoto County, Mississippi, in the northern part of the state. It is a suburb of Memphis, Tennessee, and is part of the Memphis metropolitan area. Olive Branch was incorporated in 1874 and has a rich history dating back to the early 19th century.

The city's name is said to have originated from a large olive tree that stood near the center of town, which served as a gathering place for early settlers. Olive Branch has historically been a center for agriculture, with cotton and soybeans being major crops in the area.

Geographically, Olive Branch is situated in the rolling hills of northern Mississippi, with the Wolf River running through the eastern part of the city. The city is known for its scenic landscapes and outdoor recreational opportunities, including parks, hiking trails, and fishing spots.

Famous People from Olive Branch

Olive Branch has been home to several notable individuals, including country music singer and songwriter Elvis Presley's guitarist, Scotty Moore. Other famous residents include former NFL player and coach Sam Wyche, and professional basketball player and coach Eric Musselman.

Current State of the Housing Market in Olive Branch

The housing market in Olive Branch is currently strong, with a variety of housing options available to buyers. According to data from the National Association of Realtors, the median home price in Olive Branch is approximately $250,000, making it an affordable option for homebuyers.

The market in Olive Branch includes a mix of housing types, including single-family homes, townhouses, and condominiums. There is also a strong rental market in Olive Branch, with many residents choosing to rent rather than buy.

Home Mortgage Financing Space in and around Olive Branch

Mortgage financing in Olive Branch is readily available through a variety of lenders, including banks, credit unions, and mortgage companies. The market offers a range of loan products to suit different needs, including conventional loans, FHA loans, VA loans, and USDA loans.

Interest rates in Olive Branch are currently in line with national averages. The interest rates can vary based on many factors such as the borrower's credit score, the type of loan, the amount of down payment, etc.

Overall, the residential real estate market in Olive Branch presents opportunities for homebuyers, with affordable prices and a variety of mortgage options available.