Mount Olive, AL—35117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Olive, AL
As of Oct '25, the median home price in Mount Olive, AL is $255,000, with a year-over-year change of 1.8%. This indicates that home prices in Mount Olive, AL are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 1.8% |
| Single Family | $255,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 2.0% |
3 Bed | $250,000 | 2.0% |
4 Bed | $333,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Olive, AL
As of July '25, Rentcast reports the average rent in Mount Olive, AL is $1,830, with a year-over-year rent change of 18.1%. Per bedroom, the median rent as of July '25 in Mount Olive, AL is 3-bedrooms: $1,660, 4-bedrooms: $1,520. The most common rental property sizes in Mount Olive, AL are 3-bedroom and 2-bedroom, accounting for 44.9% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,340 | $1,660 |
| 4 Bed Rent | $1,520 | $1,520 |
% of Rental Stock
Property Listings — Mount Olive, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Olive, AL is 44. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 1.0% |
Listing Count | 38 | -35.0% |
| Listings as % of Homes | 0.9% | -35.0% |
Days on Market | 44 | 4.0% |
Demographics — Mount Olive, AL
As of the latest ACS Survey released in 2023, Mount Olive, AL has a population of 5,090, which has decreased by -2.8% over the past 5 years. Mount Olive, AL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,090 | -2.8% |
% Under 18 | 20.8% | -4.1% |
% Seniors | 21.2% | 13.4% |
% WFH | 10.3% | 212.1% |
% w/ College Degree | 24.9% | 12.7% |
As of the latest ACS Survey released in 2023, Mount Olive, AL is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Mount Olive, AL is black, making up 8.9% of the population. Foreign-born residents account for 1.3% of the population in Mount Olive, AL, and this percentage has increased by 550.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.0% | -13.8% |
% Black | 8.9% | 1,012.5% |
% Hispanic | 5.5% | 511.1% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 1.3% | 550.0% |
Mortgage and Risk — Mount Olive, AL
According to HUD data as of 2023, there were 73 mortgage originations in Mount Olive, AL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Mount Olive, AL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mount Olive, AL
Mount Olive, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | $80 | $1,340 | $1,420 |
| 4 Bedroom | $60 | $1,520 | $1,580 |
Affordability — Mount Olive, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $255,000 |
| Median Household Income | $87,900 |