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Olivet, MI—49076

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$238,000
3.1% YoY Growth
Household Income
$67,600
15.4% YoY Growth
Days on Market
44
22.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$895
52.7% YoY Growth
1-Bed Rent
$875
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,000
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Olivet, MI

As of May '26, the median home price in Olivet, MI is $238,000, with a year-over-year change of 3.1%. This indicates that home prices in Olivet, MI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$238,0003.1%
Single Family $238,0003.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$181,0001.1%
    3 Bed
    		$241,0003.0%
    4 Bed
    		$268,0002.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    8.7%
    2 Bedrooms
    23.4%
    3 Bedrooms
    40.1%
    4 Bedrooms
    23.0%
    5+ Bedrooms
    3.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$895$1,260
    Studio Rent N/AN/A
    1 Bed Rent $875$885
    2 Bed Rent N/AN/A
    3 Bed Rent $2,000$2,000
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    8.9%
    1 Bedroom
    27.4%
    2 Bedrooms
    47.5%
    3 Bedrooms
    9.2%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    1.3%

    Property Listings — Olivet, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Olivet, MI is 44. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$185,000-30.0%
    Listing Count
    		90.0%
    Listings as % of Homes0.4%0.0%
    Days on Market
    		44-22.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$75$875$800
    2 BedroomN/AN/A$990
    3 Bedroom-$710$2,000$1,290
    4 BedroomN/AN/A$1,340

    Affordability — Olivet, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$238,000
    Median Household Income$67,600

    Olivet, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Charlotte, MI

    48813

    Marshall, MI

    49068

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    49021

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    49224

    Frequently Asked Questions