West Olive, MI


Highest Appreciating West Olive Neighborhoods Since 2000

West Olive, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

West Olive Housing Market Information

With 9,572 people, 1,602 houses or apartments, and a median cost of homes of $151,694, West Olive real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in West Olive, accounting for 81.50% of the town's housing units. Other types of housing that are prevalent in West Olive include mobile homes or trailers ( 17.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Olive. Owner-occupied housing accounts for 85.44% of West Olive's homes, and 73.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Olive built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Olive built between 2000 and later ( 17.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.25%). There's also some housing in West Olive built before 1939 ( 11.35%).

Vacant housing appears to be an issue in West Olive. Fully 10.06% of the housing stock is classified as vacant. Left unchecked, vacant West Olive homes and apartments can be a drag on the real estate market, holding West Olive real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

West Olive Home Appreciation Rates

Appreciation rates for homes in West Olive have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.67%, which ranks in the top 40% nationwide. This equates to an annual average West Olive house appreciation rate of 0.84%.

Appreciation rates are so strong in West Olive that despite a nationwide downturn in the housing market, West Olive real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Olive appreciation rates continue to be some of the highest in America, at 10.28%, which is higher than appreciation rates in 94.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Olive. West Olive appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes West Olive one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Michigan, our data show that West Olive's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,221,000 2.3
$916,001 - $1,221,000 1.3
$611,001 - $916,000 2.9
$488,001 - $611,000 2.4
$366,001 - $488,000 7.5
$244,001 - $366,000 26.5
$122,001 - $244,000 33.8
$61,001 - $122,000 8.6
$0 - $61,000 14.5

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
49.2499707019805 36.3782051282051

Number Of Homes And Apartments:

West Olive Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.47% 1.37% 9 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,315 / per month

Homeownership Rate

Owners 85.44
Renters 14.56
Vacant 10.06

Housing Market Details


Age of Homes

2000 or Newer 17.4
1970 - 1999 56.0
1940 - 1969 15.3
1939 or Older 11.4

Types of Homes

Single-Family 81.5
Townhomes 0.6
Small Apt. Buildings 0.2
Apt. Complexes 0.5
Mobile Homes 17.2
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 1.90
2 Bedrooms 19.52
3 Bedrooms 51.45
4 Bedrooms 21.57
5 or more bedrooms 5.56

Popular Neighborhoods in West Olive

Zip Codes in West Olive, MI