Mt. Olive, IL Real Estate

According to census data in the year 2000 there were 985 housing units in Mt. Olive. This represents a 1.1% decline from 996 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 985 were located in what is classified as a rural area.

Homeownership rate in Mt. Olive is about 83.2%. Mt. Olive's vacancy rate, including seasonal lodging, is about 8.7%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Mt. Olive were built after 1939.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.40%
Two Bedrooms38.90%
Three Bedrooms35.20%
Four Bedrooms11.60%
Five Bedrooms or more1.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1939
Median Value of occupied units$48,500
Median Price asked for vacant units$19,200

Rented Homes, Apartments and Condos

Average Household Size1.79
Median year structure was built1939
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan6.60%
Simple Mortgage37.60%
Debt Free52.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%