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Foreclosure Homes in Olivet, MI

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Olivet, MI Foreclosures

How much do homes sell for in Olivet, MI?
The average home price is currently $207,572.
In Olivet, MI, how many homes are available?
There are currently 1,360 active home listings available in Olivet.
What’s the average rental cost in Olivet, MI?
The average rental price in Olivet is $1,324.
What is the most expensive home in Olivet, Michigan?
The most expensive home sold in Olivet had a price of $1,415,462.
What is currently the cheapest priced home in Olivet, MI?
The cheapest home for sale in Olivet is priced at $16,633.

Home Value Estimator For Olivet, MI

There are currently 1,360 real estate properties in Olivet, MI, with a median automated valuation model (AVM) price of $185,329.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Olivet, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Olivet, MI, is $207,572.00, with the most expensive house in Olivet, MI, topping out at $1,415,462.00 and the cheapest home in Olivet, MI, clocking in at $16,633.00. In other words, there’s something for every potential homebuyer or savvy investor in Olivet, MI!


Rent Prices In Olivet, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Olivet, MI, is on a rollercoaster ride. The average rent price in Olivet, MI, is $1,324.00. Indeed, when looking to rent in Olivet, MI, you can expect to pay as little as $760.00 or as much as $2,340.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Olivet, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Olivet, MI In 2024

Olivet is located in Eaton, Michigan, with an estimated municipal population of 1,762 residents. All of the best foreclosed homes for sale in Olivet are located in the following zip code areas on Foreclosure.com: 49076. The estimated population per square kilometer (.62 miles) in Olivet is 666.


Cost Of Living In Olivet, MI

So, about how much do homes cost in Olivet? The most recent median value of resident-owned homes in Olivet is 110,338. An estimated 49.1 percent of households in Olivet own their homes, with an average family size of 3.19. The median household income in Olivet is 40,662, with11.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Olivet, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Olivet? If so, the average rent price paid by renters in Olivet is 692, according to recent statistics.


Diversity And Demographics In Olivet, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Olivet, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Olivet is 20.4, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in Olivet is 20.6, with an average family size of 3.19.

The percentage of residents who report their race in Olivet is as follows:

White 86.7%
Black / African American 9.2%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Olivet? Or maybe you are searching for 55+ active adult communities in and/or near Olivet?

The percentage of residents who report their age in Olivet is as follows:

Under 10 9.3%
Aged 10-19 38.1%
20s 20.3%
30s 8.6%
40s 8.2%
50s 5.7%
60s 5.9%
70s 3.3%
80+ 0.7%

Best Schools In Olivet, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Olivet with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Olivet.


Pros And Cons Of Living In Olivet, Michigan

How do you know that living in -- or moving to -- Olivet is right where you need to be? Perhaps you grew up in Olivet or already live nearby; therefore, the decision to buy a home in Olivet is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Olivet for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Olivet:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Olivet.


Reasons To Move To Olivet, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Olivet can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Olivet, meanwhile, can field multiple offers from more qualified buyers.

Olivet, MI Foreclosures


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