Olivet, MI Real Estate
According to census data in the year 2000 there were 500 housing units in Olivet.
This represents a 6.8% growth from 468 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 500 were located in what is classified as a rural area.
Homeownership rate in Olivet is about 44.8%.
Olivet's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Olivet were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 14.20% |
| Two Bedrooms | 42.20% |
| Three Bedrooms | 25.80% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.1 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $87,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $380 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 54.50% |
| Debt Free | 33.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
