Similar to its nearby areas, it's substantially less expensive compared to the United States as a whole. However it is a bit less expensive compared to the city of Jackson.
Home prices
The median home in Mount Olive costs $84,400. In comparison to nearby areas it is roughly $3,840 (4%) lower.Compared to the country as a whole it is roughly $133,100 (61%) lower, and compared to the city of Jackson it is approximately $6,300 (6%) lower.
Rents
The median monthly rent in Mount Olive is $572. This is approximately $20 (3%) lower in comparison to other places in this area.It is approximately $490 (46%) lower compared to the entire nation, and compared to the city of Jackson it is about $275 (32%) lower.
Nearby places
Collins
Collins is about 9 miles southeast from Mount Olive. The real estate prices there are a little less expensive. Collins's median home value is $68,600, which is $15,800 (23%) lower than Mount Olive. Rents there are a little less expensive. In Collins the median rent is $512 per month, which works out to $60 (11%) lower than Mount Olive.
Magee
Magee is roughly 9 miles northwest from Mount Olive. Real estate prices there are a bit more expensive. The median home in Magee is valued at $89,800, which comes out to $5,400 (6%) higher than Mount Olive. Rent there is somewhat more expensive. The median monthly rent in Magee is $618, which is $46 (7%) higher than Mount Olive.
Mize
Mize is roughly 10 miles northeast from Mount Olive. Its housing prices are somewhat less expensive. The median home in Mize costs $73,000, which comes out to $11,400 (15%) lower than Mount Olive. The rent there is a bit more expensive. Mize's median monthly rent is $635, which works out to $63 (9%) higher than Mount Olive.
Taylorsville
Taylorsville is about 13 miles northeast from Mount Olive. The housing prices there are a bit more expensive. The price of the median home in Taylorsville is $121,800, which is $37,400 (30%) higher than Mount Olive. The rent there is pretty similar. In Taylorsville the median monthly rent is $574, which is very similar to Mount Olive.
Prentiss
Prentiss is roughly 16 miles southwest from Mount Olive. Real estate prices there are fairly similar. The median home in Prentiss costs $88,000, which comes out to $3,600 (4%) higher than Mount Olive. Rent there is a bit more expensive. Prentiss's median rent is $623 per month, which works out to $51 (8%) higher than Mount Olive.
