49076, Olivet, MI

The 49076 zip code of Olivet, Michigan is located in the southeast corner of the state and has a population of just over 10,000. The median household income in this zip code is just over $50,000 and the homeownership rate is around 72%.

As you would expect, home prices in this zip code are quite high. The average home price here is about $160,000 and the median home value is about $146,500. This means that homes here are almost twice as expensive as the statewide average and more than three times as expensive as the national average.

One reason for these high prices is that Olivet is a very desirable location. It's close to both Detroit and Lansing (the state capital) and it has plenty of amenities (including a good school system) to make it a desirable place to live. Combine that with strong demand from buyers and you can see why homes here are so expensive.