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Affordable
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These days, finding an affordable place to live in the Olivet area can be challenging. Home prices in Olivet are now at a median cost of $251,640, higher than the Iowa average of $226,062.
The average cost of rent is $608/mo in Olivet, primarily driven by the current value of real estate in the Olivet area. In Olivet, 8.35% of households rent, and 45.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olivet is $8,293 per month. Households that rent pay about 7.33% of their income on rent here. Olivet’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tracy, IA: less expensive homes
- Leighton, IA: equally priced homes
- Harvey, IA: less expensive homes
- Bussey, IA: less expensive homes
- Pella, IA: higher priced homes
- Beacon, IA: less expensive homes
- Hamilton, IA: less expensive homes
- Pershing, IA: less expensive homes
- Oskaloosa, IA: less expensive homes
- Peoria, IA: less expensive homes
Cities with Similar Populations
- Reno, IL: less expensive homes
- New Rome, MN: higher priced homes
- New Sheffield, PA: higher priced homes
- Nod, MS: less expensive homes
- Nodaway, IA: less expensive homes
- Nolo, PA: less expensive homes
- Nonpareil, OR: higher priced homes
- North Shapleigh, ME: higher priced homes
- Post Creek, NY: less expensive homes
- Ramsey, AR: less expensive homes
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