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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 $98,516, lower than the Illinois average of $300,242.
The average cost of rent is $886/mo in Olivet, primarily driven by the current value of real estate in the Olivet area. In Olivet, 10.62% of households rent, and 59.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olivet is $7,066 per month. Households that rent pay about 12.53% of their income on rent here. Olivet’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Georgetown, IL: less expensive homes
- Ridge Farm, IL: less expensive homes
- Midway, IL: less expensive homes
- Indianola, IL: less expensive homes
- Meeks, IL: higher priced homes
- Westville, IL: equally priced homes
- Himrod, IL: higher priced homes
- Belgium, IL: higher priced homes
- Jamaica, IL: higher priced homes
- Eugene, IN: equally priced homes
Cities with Similar Populations
- North Dorset, VT: higher priced homes
- Novelty, MO: equally priced homes
- Norwood, MI: higher priced homes
- Northwood, FL: higher priced homes
- North Uniontown, OH: higher priced homes
- North Sherburne, VT: higher priced homes
- North Elmore, AL: higher priced homes
- North Egremont, MA: higher priced homes
- North Edgecomb, ME: higher priced homes
- Nutall Rise, FL: higher priced homes
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