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Housing in Olivet

A typical Olivet home is worth roughly $192,000

Home prices around Olivet have risen about 61% over the past 5 years.

Typical home value
$192K
▲ 5.7% in a year · TN $334K
Estimate
2-bedroom rent
$930
a month, utilities in · HUD
Median tax bill
$588
TN $1,442

What kind of housing town is Olivet?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 2.9 years of income

Less than across Tennessee (4.8 years). Try your own numbers below.

You could afford about
$282,000
Typical Olivet home $192K

That covers a typical Olivet home, with $89K to spare.

The typical home, each month
$1,070
Loan $950Tax $60Insurance $60

A two-bedroom rents for about $930 a month here, $140 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Olivet’s typical property tax (0.37% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 61% in 5 years

The federal house price index for the ZIP code around Olivet rose 61% over the past 5 years, about the same as across Tennessee. Last year prices rose 5.7%. Carrying the Census median home value forward with that index puts the typical Olivet home at roughly $192,000 today.

Olivet areaTennessee
0%+50%+100%+150%+200%200020052010201520202025
+5.7%
past year
+61%
past 5 years
+94%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $192K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Olivet, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $930

Renters already here pay a median of $777, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$700
1 bedroom$700
2 bedrooms$930
3 bedrooms$1,220
4 bedrooms$1,220
36%
of households rent · TN 33%
231
renter households
0%
of renters spend 30%+ of income on rent · TN 49%
17%
of the median income, for a two-bedroom
$777
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Hardin County, TN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

64% of Olivet households own their home

Half of Olivet’s homes were built before 1991.

Owners and renters
Own 64%Rent 36%

Tennessee: 67% own.

1991
typical home built · TN 1987
$588
median property tax bill · TN $1,442
0.37%
of a home’s value, a year in tax · TN 0.50%
5%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Olivet vs. its neighbors

The towns that share a border with Olivet. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Olivet$192K*+5.7%†$930—$66,635
Savannah$197K+3.2%$93025$39,712

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Olivet buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Olivet still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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