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 $509,915, higher than the Maryland average of $357,815.
The average cost of rent is $1,778/mo in Olney, primarily driven by the current value of real estate in the Olney area. While nearly 24.19% of residents own their homes outright in Olney, 13.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Olney is $12,654 per month. Households that rent pay about 14.05% of their income on rent here. Olney's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Brookeville, MD: higher priced homes
- Sandy Spring, MD: higher priced homes
- Derwood, MD: higher priced homes
- Brinklow, MD: higher priced homes
- Ashton, MD: higher priced homes
- Aspen Hill, MD: less expensive homes
- Redland, MD: equally priced homes
- Cloverly, MD: equally priced homes
- Spencerville, MD: higher priced homes
- Washington Grove, MD: less expensive homes
Cities with Similar Populations
- Colleyville, TX: higher priced homes
- Bergenfield, NJ: less expensive homes
- Bloomsburg, PA: less expensive homes
- Blythewood, SC: less expensive homes
- Brawley, CA: less expensive homes
- Brenham, TX: less expensive homes
- Burlington, IA: less expensive homes
- Chapin, SC: less expensive homes
- Chevy Chase, MD: higher priced homes
- Allendale, MI: less expensive homes
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