Similar to nearby areas, it's substantially less expensive compared to the country as a whole. It is a lot less expensive compared to the city of Champaign.
Home prices
The median home in Olivet costs $69,000. In comparison to its nearby areas this is about $3,140 (4%) higher.It is approximately $148,500 (68%) lower compared to the entire country, and it is approximately $92,800 (57%) lower in comparison to the city of Champaign.
Rents
Olivet's median monthly rent is $687. Compared to its surrounding areas it is about $27 (4%) higher.It is roughly $375 (35%) lower compared to the entire country, and in comparison to the city of Champaign is approximately $265 (27%) lower.
Nearby places
Ridge Farm
Ridge Farm is roughly 3 miles south of Olivet. The real estate prices there are somewhat less expensive. The median home in Ridge Farm is valued at $63,700, which comes out to $5,300 (8%) lower than Olivet. The rent there is fairly similar. The median rent in Ridge Farm is $709 a month, which comes out to $22 (3%) higher than Olivet.
Indianola
Indianola is approximately 4 miles west from Olivet. Real estate prices there are substantially less expensive. The median home price in Indianola is $46,900, which comes out to $22,100 (47%) lower than Olivet. Rents there are a little less expensive. In Indianola the median monthly rent is $638, which is $49 (7%) lower than Olivet.
Westville
Westville is roughly 6 miles north from Olivet. Housing prices there are a bit more expensive. The median home in Westville is valued at $76,700, which is $7,700 (10%) higher than Olivet. Rents there are somewhat less expensive. The median rent in Westville is $592 per month, which is $95 (16%) lower than Olivet.
Cayuga
Cayuga is about 7 miles east of Olivet. Housing prices there are pretty similar. Cayuga's median home cost is $70,500, which works out to $1,500 (2%) higher than Olivet. Rent there is a little more expensive. The median monthly rent in Cayuga is $771, which comes out to $84 (10%) higher than Olivet.
Belgium
Belgium is roughly 8 miles north from Olivet. Its housing prices are similar. The median home value in Belgium is $71,500, which comes out to $2,500 (3%) higher than Olivet. Rent there is a bit less expensive. The median rent in Belgium is $589 per month, which is $98 (16%) lower than Olivet.
