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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,452 people, 3,350 houses or apartments, and a median cost of homes of $637,961, 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 77.05% of the city's housing units. Other types of housing that are prevalent in Olivette include large apartment complexes or high rise apartments ( 14.29%), duplexes, homes converted to apartments or other small apartment buildings ( 5.77%), and a few row houses and other attached homes ( 2.90%).
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 73.04% of Olivette's homes, and 64.19% 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 62.45% of the city's housing hails from this era. Other housing ages represented in Olivette include homes built between 1970-1999 ( 22.00%) and housing constructed between 2000 and later ( 9.56%). There's also some housing in Olivette built before 1939 ( 5.99%).
Real estate appreciation rates in Olivette's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.52% during the period.
NeighborhoodScout's data show that during the latest twelve months, Olivette's appreciation rate, at 5.57%, has been at or slightly above the national average. In the latest quarter, Olivette's appreciation rate has been 3.32%, which annualizes to a rate of 13.96%.
Relative to Missouri, our data show that Olivette's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.
$1,705 / per month