Tennessee · Census place 55820
Olivet CDP, TN
Quick answer
Olivet CDP has 1,609 residents, ranking #251 of 504 places in Tennessee. Median household income is $71,000, the median home is worth $136,400 and median gross rent runs $767 a month.
- Population
- 1,609Olivet CDP residents
- Median household income
- $71,000Past 12 months, inflation adjusted
- Median home value
- $136,400Owner-occupied units
- Median gross rent
- $767Rent plus utilities, monthly
- Median age
- 45.3 yrsAll residents
- Homeownership rate
- 77.3%Owner-occupied households
What the numbers mean in Olivet CDP
Housing cost measured against local earnings.
A household earning the Olivet CDP median would spend about 13% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.5% of residents and 77.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Tennessee.
- Huntsville town 1,632
- Greenback city 1,631
- Gruetli-Laager city 1,619
- Gray CDP 1,606
- Tennessee Ridge town 1,546
- Chapel Hill town 1,531
- Rutledge town 1,521
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