What percentage of people rent in Olivet, MI?
49.8% (±10.0 points) of the occupied homes in Olivet, MI are rented (2020–2024 American Community Survey).
That is 233 renting households against 235 that own their home.
In Olivet, the share of households that rent went from 50.9% in 2015–2019 to 49.8% in 2020–2024 (−1.1 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 49.8% (±10.0 points)
- Renting households
- 233 (±69)
- Median renter income
- $38,207 (±$7,228)
Who rents and who owns in Olivet
| Olivet | Eaton County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 49.8% (±10.0 points) | 25.8% (±1.3 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 233 (±69) | 11,734 (±616) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 235 (±53) | 33,694 (±620) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.0 (±0.3) | 1.9 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.4) | 2.5 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $38,207 (±$7,228) | $49,452 (±$3,449) | $42,352 (±$376) | $52,966 |
| Median owner household income | $83,125 (±$18,460) | $93,019 (±$3,082) | $87,130 (±$344) | $100,009 |
In Olivet, the renter share is higher than in Eaton County (25.8%).
It is also higher than in Michigan (26.8%).
It is higher than the national figure (34.8%).
In Eaton County, Olivet ranks 1 of 21 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 26 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Olivet has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 50.9% (±8.2 points) | 49.8% (±10.0 points) | −1.1 percentage points | Not a measurable change |
| Median gross rent | $692 (±$107) | $925 (±$88) | +33.7% | No measurable change after inflation |
| Median household income | $40,662 (±$5,672) | $54,722 (±$15,385) | +34.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Olivet
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Olivet | — | 49.8% (±10.0 points) | — |
| Walton Township | 2.6 mi | 7.0% (±3.7 points) | Lower |
| Bellevue | 4.5 mi | 21.9% (±7.0 points) | Lower |
| Bellevue Township | 4.6 mi | 12.8% (±4.0 points) | Lower |
| Lee Township (Calhoun County) | 5.2 mi | 6.0% (±5.6 points) | Lower |
| Convis Township | 5.4 mi | 9.1% (±4.0 points) | Lower |
| Carmel Township | 7.2 mi | 7.0% (±3.9 points) | Lower |
| Brookfield Township (Eaton County) | 7.5 mi | 1.8% (±1.5 points) | Lower |
| Kalamo Township | 9.1 mi | 5.9% (±3.6 points) | Lower |
Nearby places with a measurably lower figure: Walton Township, MI (7.0%), Bellevue, MI (21.9%), Bellevue Township, MI (12.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Eaton County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Olivet | 49.8% (±10.0 points) |
| 2 | Potterville | 41.1% (±10.2 points) |
| 3 | Delta Charter Township | 34.7% (±2.5 points) |
| 4 | Charlotte | 33.0% (±5.0 points) |
| 5 | Grand Ledge | 32.5% (±6.1 points) |
| 6 | Eaton Rapids | 30.2% (±6.1 points) |
| 7 | Sunfield Township | 19.4% (±6.5 points) |
Showing 7 of 21 places in Eaton County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Olivet
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Questions about Olivet
How many renters are there in Olivet?
Olivet has an estimated 233 (±69) renting households, 49.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Olivet?
In Olivet, the share of households that rent went from 50.9% in 2015–2019 to 49.8% in 2020–2024 (−1.1 percentage points), not a measurable change.
How big are renting households in Olivet?
A renting household in Olivet has 2.0 people on average, against 2.8 in an owned home.
How much do renters earn in Olivet?
The median renting household in Olivet, MI has an income of $38,207 (±$7,228) a year, against $83,125 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Olivet city, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Olivet city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Olivet city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Olivet city, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Olivet city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Olivet city, Michigan (place:60580, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Olivet at a glance
- Median rent in Olivet
- Rent by bedrooms in Olivet
- Rent burden in Olivet
- Income and affordability in Olivet
- Home values in Olivet
- Homeowner costs in Olivet
- Property taxes in Olivet
- Types of homes in Olivet
- Bedrooms in Olivet
- Age of homes in Olivet
- Heating fuel in Olivet
- Commute and cars in Olivet
- Population growth in Olivet
- How long people stay in Olivet
- Michigan landlord and tenant rules
- Housing across Eaton County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan