"situated above ground" (as opposed to underground), 1879, from over- + ground (n.).
Entries linking to overground
over-
word-forming element meaning variously "above; highest; across; higher in power or authority; too much; above normal; outer; beyond in time, too long," from Old English ofer (from PIE root *uper "over"). Over and its Germanic relations were widely used as prefixes, and sometimes could be used with negative force. This is rare in Modern English, but compare Gothic ufarmunnon "to forget," ufar-swaran "to swear falsely;" Old English ofercræft "fraud."
In some of its uses, moreover, over is a movable element, which can be prefixed at will to almost any verb or adjective of suitable sense, as freely as an adjective can be placed before a substantive or an adverb before an adjective. [OED]
Among the old words not now existing are Old English oferlufu (Middle English oferlufe), literally "over-love," hence "excessive or immoderate love." Over- in Middle English also could carry a sense of "too little, below normal," as in over-lyght "of too little weight" (c. 1400), overlitel "too small" (mid-14c.), oversmall (mid-13c.), overshort, etc.
ground n.
Old English grund "bottom; foundation; surface of the earth," also "abyss, Hell," and "bottom of the sea" (a sense preserved in run aground), from Proto-Germanic *grundu-, which seems to have meant "deep place" (source also of Old Frisian, Old Saxon, Danish, Swedish grund, Dutch grond, Old High German grunt, German Grund "ground, soil, bottom;" Old Norse grunn "a shallow place," grund "field, plain," grunnr "bottom"). No known cognates outside Germanic.
Sense of "reason, motive" first attested c. 1200. Meaning "source, origin, cause" is from c. 1400. Electrical sense "connection with the earth" is from 1870 (in telegraphy). Meaning "place where one takes position" is from 1610s; hence stand (one's) ground (1707). To run to ground in fox-hunting is from 1779. Ground rule (1890) originally was a rule designed for a specific playing field (ground or grounds in this sense attested by 1718); by 1953 it had come to mean "a basic rule."