Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Olney area can be challenging. Home prices in Olney are now at a median cost of $101,417, lower than the Illinois average of $242,002.
The average cost of rent is $634/mo in Olney, primarily driven by the current value of real estate in the Olney area. While nearly 55.01% of residents own their homes outright in Olney, 30.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Olney is $4,705 per month. Households that rent pay about 13.48% of their income on rent here. Olney's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Dundas, IL: higher priced homes
- Calhoun, IL: less expensive homes
- Noble, IL: less expensive homes
- Claremont, IL: less expensive homes
- Passport, IL: higher priced homes
- West Liberty, IL: equally priced homes
- Parkersburg, IL: less expensive homes
- Wynoose, IL: equally priced homes
- Sumner, IL: less expensive homes
- Wakefield, IL: higher priced homes
Cities with Similar Populations
- Pennsville, NJ: higher priced homes
- Muskegon Heights, MI: less expensive homes
- Myrtle Grove, NC: higher priced homes
- Ocean City, NJ: higher priced homes
- Pagosa Springs, CO: higher priced homes
- Panthersville, GA: higher priced homes
- Paris, IL: less expensive homes
- Paso Robles, CA: higher priced homes
- Pearsall, TX: equally priced homes
- Pecos, TX: equally priced homes
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