Overstate rhymes with:
understate, allstate, corestate, devastate, downstate, gestate, homestate, prostate, realestate, southstate, sunstate, tristate, understate
Overstate sounds like:
o'brecht, oberst, obrecht, oppressed, overact, overacted, overcast, overcoat, overcooked, overexcite, overexcited, overjoyed, overreached, overreact, overreacted, overshadow, overshadowed, overshoot, overshot, oversight, oversized, overstated, overstay, overstayed, overused, overweight, overweighted, overworked, overwrought