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Affordable
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These days, finding an affordable place to live in the Olene area can be challenging. Home prices in Olene are now at a median cost of $440,806, lower than the Oregon average of $502,078.
The average cost of rent is $1,411/mo in Olene, primarily driven by the current value of real estate in the Olene area. In Olene, 8.31% of households rent, and 30.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olene is $9,130 per month. Households that rent pay about 15.46% of their income on rent here. Olene’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Altamont, OR: less expensive homes
- Lake of the Woods, OR: less expensive homes
- Dairy, OR: less expensive homes
- Falcon Heights, OR: less expensive homes
- Klamath Falls, OR: less expensive homes
- Pelican City, OR: less expensive homes
- Midland, OR: less expensive homes
- Merrill, OR: less expensive homes
- Wocus, OR: equally priced homes
- Yonna, OR: less expensive homes
Cities with Similar Populations
- Goldston, NC: less expensive homes
- Hosford, FL: less expensive homes
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- Hillsboro, KY: less expensive homes
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- Heidelberg, PA: less expensive homes
- Hawley, TX: less expensive homes
- Hanover, IL: less expensive homes
- Greenview, TX: less expensive homes
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