The housing market in Olivet, MI is booming. The median value of a house is $191,600, which is significantly lower than the US median value of $338,100. This gives prospective buyers in Olivet a great opportunity to purchase an affordable home and benefit from the rising appreciation rate. In the past year, the US housing appreciation rate was 8.27%, whereas in Olivet it was 10.54%. This reflects a healthy real estate market and suggests that those who invest in the area can look forward to future returns on their investments.
The median home cost in Olivet is $191,600. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Olivet is up 14.9%.
Average Age of Homes
- The median age of Olivet real estate is 73 years old
The Rental Market in Olivet
- Renters make up 42.9% of the Olivet population
- 1.7% of houses and apartments in Olivet, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.