Home Insurance in Olivet, Michigan
With a median home value of $154,900, Olivet is 29% lower than the Eaton County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Olivet was built around 1963. About 44% of homes were built before 1960, about 18 points above Eaton County's 26%.
In Olivet, the housing stock is 56% single-family homes, 31% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Olivet, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Olivet has an owner-occupancy rate of 50% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
67% of homes in Olivet are primarily heated with natural gas.
FEMA rates Eaton County's overall risk as Relatively Low, led by strong wind (Relatively High). Eaton County had 206 active NFIP flood policies as of September 2026. See the full Eaton County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $154,900 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 50% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Eaton County | 206 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)