West Olive, MI—49460
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Olive, MI
As of Oct '25, the median home price in West Olive, MI is $482,000, with a year-over-year change of 1.1%. This indicates that home prices in West Olive, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $482,000 | 1.1% |
| Single Family | $483,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $427,000 | 3.9% |
3 Bed | $466,000 | 4.0% |
4 Bed | $561,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Olive, MI
As of July '25, Rentcast reports the average rent in West Olive, MI is $2,050, with a year-over-year rent change of -29.3%. Per bedroom, the median rent as of July '25 in West Olive, MI is 3-bedrooms: $2,400, 4-bedrooms: $1,700. The most common rental property sizes in West Olive, MI are 3-bedroom and 2-bedroom, accounting for 60.5% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — West Olive, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in West Olive, MI is 74. This is a increase of 54.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $711,000 | 29.0% |
Listing Count | 34 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 74 | 54.0% |
Demographics — West Olive, MI
As of the latest ACS Survey released in 2023, West Olive, MI has a population of 8,890, which has increased by 2.7% over the past 5 years. West Olive, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,890 | 2.7% |
% Under 18 | 22.5% | -7.8% |
% Seniors | 16.2% | 7.3% |
% WFH | 9.4% | 224.1% |
% w/ College Degree | 34.1% | 10.0% |
As of the latest ACS Survey released in 2023, West Olive, MI is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 15.8% in the last 5 years. The second most common race or ethnicity in West Olive, MI is hispanic, making up 11.6% of the population. Foreign-born residents account for 9.9% of the population in West Olive, MI, and this percentage has increased by 219.4% 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 | 75.4% | -15.8% |
% Black | 2.1% | 250.0% |
% Hispanic | 11.6% | 61.1% |
% Asian | 5.8% | 544.4% |
% Foreign Born | 9.9% | 219.4% |
Mortgage and Risk — West Olive, MI
According to HUD data as of 2023, there were 268 mortgage originations in West Olive, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in West Olive, MI. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — West Olive, MI
West Olive, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,500 |
| 3 Bedroom | -$470 | $2,400 | $1,930 |
| 4 Bedroom | $490 | $1,700 | $2,190 |
Affordability — West Olive, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $482,000 |
| Median Household Income | $97,200 |