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Affordable
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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 $162,352, lower than the Kentucky average of $219,615.
The average cost of rent is $897/mo in Olney, primarily driven by the current value of real estate in the Olney area. In Olney, 29.81% of households rent, and 42.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olney is $5,091 per month. Households that rent pay about 17.62% of their income on rent here. Olney’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Claxton, KY: less expensive homes
- Dawson Springs, KY: less expensive homes
- Needmore, KY: less expensive homes
- Kirkwood Springs, KY: less expensive homes
- Pumpkin Center, KY: less expensive homes
- Charleston, KY: less expensive homes
- Farmersville, KY: less expensive homes
- Rabbit Ridge, KY: less expensive homes
- Princeton, KY: less expensive homes
- Crowtown, KY: equally priced homes
Cities with Similar Populations
- Blakemore, AR: less expensive homes
- Beaconsfield, IA: higher priced homes
- Zenia, CA: higher priced homes
- Yznaga, TX: higher priced homes
- Belk, TX: equally priced homes
- Bellaire, AR: less expensive homes
- York, ND: less expensive homes
- Bend, TX: higher priced homes
- Berwinsdale, PA: less expensive homes
- Wyarno, WY: higher priced homes
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