Olivet, MI—49076
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olivet, MI
As of Oct '25, the median home price in Olivet, MI is $223,000, with a year-over-year change of 1.3%. This indicates that home prices in Olivet, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 1.3% |
| Single Family | $223,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 3.0% |
3 Bed | $232,000 | 3.6% |
4 Bed | $254,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Olivet, MI
As of July '25, Rentcast reports the average rent in Olivet, MI is $1,260, with a year-over-year rent change of 52.7%. Per bedroom, the median rent as of July '25 in Olivet, MI is 1-bedrooms: $885, 3-bedrooms: $2,000. The most common rental property sizes in Olivet, MI are 2-bedroom and 1-bedroom, accounting for 47.5% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $885 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Olivet, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Olivet, MI is 69. This is a increase of 39.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | 63.0% |
Listing Count | 14 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 69 | 39.0% |
Demographics — Olivet, MI
As of the latest ACS Survey released in 2023, Olivet, MI has a population of 4,260, which has decreased by -10.2% over the past 5 years. Olivet, MI is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,260 | -10.2% |
% Under 18 | 16.5% | -33.2% |
% Seniors | 15.7% | 15.4% |
% WFH | 10.2% | 104.0% |
% w/ College Degree | 22.7% | 21.4% |
As of the latest ACS Survey released in 2023, Olivet, MI is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Olivet, MI is black, making up 5.7% of the population. Foreign-born residents account for 2.3% of the population in Olivet, MI, and this percentage has increased by 76.9% 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 | 87.9% | -5.3% |
% Black | 5.7% | 96.6% |
% Hispanic | 3.4% | 21.4% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 2.3% | 76.9% |
Mortgage and Risk — Olivet, MI
According to HUD data as of 2023, there were 164 mortgage originations in Olivet, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Olivet, MI. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Olivet, MI
Olivet, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $875 | $800 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | -$710 | $2,000 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Olivet, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $223,000 |
| Median Household Income | $67,600 |