Mount Olivet, Detroit, MI
Mount Olivet — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Mount Olivet, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Mount Olivet Neighborhood Overview
Mount Olivet is a residential neighborhood located on Detroit's east side, centered around the historic Mount Olivet Cemetery. The area offers a quiet, community-focused atmosphere within the city. Its coordinates place it at approximately 42.3474 latitude and -83.0604 longitude, within the 48201 ZIP code.
Lifestyle & Amenities
The neighborhood provides a primarily residential setting with access to local parks and community spaces. Residents enjoy proximity to essential services and retail options along major corridors. The area's namesake cemetery is a significant local landmark and green space.
Real Estate Market
The median home value in Mount Olivet is $381,500, according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market data shows a price per square foot of approximately $68/sqft, according to Redfin market data. The reported asking rent in the area is $100,000 per month, according to Redfin market data, which may reflect specialized or commercial property listings.
Schools & Education
Families in Mount Olivet are served by the Detroit Public Schools Community District. The neighborhood offers access to various public school options for different grade levels. Prospective residents are encouraged to research current school ratings and programs directly through the district.
Transportation & Connectivity
The neighborhood is well-connected by major roads like Gratiot Avenue and I-94, providing easy access to downtown Detroit and surrounding suburbs. Public transportation options include DDOT bus lines serving the east side. This connectivity supports commuting and access to regional employment centers.
Why Choose Mount Olivet
Mount Olivet appeals to homebuyers seeking affordability relative to the city's median home value, which stands at $381,500 according to U.S. Census Bureau ACS 5-Year Estimates (2022). The area offers a stable residential environment with good transportation links. The significant disparity between the median household income of $22,243, according to U.S. Census Bureau ACS 5-Year Estimates (2022), and home values may indicate a mix of long-term residents and newer investments.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Mount Olivet Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Mount Olivet, Detroit
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Mount Olivet, Detroit, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15