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Olivet, MI

Full City Profile · Michigan · Eaton County County

2.9 /5.0
C+ Fair
1,633 Population 1,601/sq mi density
$44,940 Median Income $19,333 per capita
$137,300 Home Value $222,139 Zillow
$919 Median Rent 30.7% income on rent
47°F Avg Temperature 260 sunny days/yr
108 Violent Crime/100K 700 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$44,940 median income, 7.9% unemployment
A+
Affordability
5.0 / 5.0
$137,300 home value, $919/mo rent
F
Safety
1.0 / 5.0
108 violent crimes/100K
C+
Education
3.0 / 5.0
24.7% bachelor's degree or higher

Housing Overview

Median Home Value
$137,300
51% below
US avg: $281,900
Median Rent
$919/mo
21% below
US avg: $1,163/mo
Homeownership Rate
49.2%
25% below US avg (65.4%)
Total Housing Units
489
Median year built: 1955

Home Value by Source

Census Median
$137,300
Zillow (ZHVI)
$222,139
Median Sale Price
$178,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

49.2%
Owner-Occupied
50.8%
Renter-Occupied
49%
51%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $919/mo

Market Indicators (Redfin)

Median Days on Market
8 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
1
Price Drops
100.0%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
1
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
49.2%

Complete Housing Data

Home Values

Census Median Value$137,300
Zillow Home Value (ZHVI)$222,139
Median Sale Price$178,000
Price Per Sq Ft$148

Rent

Census Median Rent$919
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market8
Sale-to-List Ratio1.1%
Price Drops100.0%
Homes Sold1
Active Inventory1
Price Per Sq Ft$148

Ownership & Stock

Owner-Occupied49.2%
Renter-Occupied50.8%
Homeownership Rate49.2%
Total Housing Units489
Median Year Built1955
Rent Burden30.7%