The Most Affordable Neighborhoods in Olney Springs, CO by Home Value

These days, finding an affordable place to live in the Olney Springs area can be challenging. Home prices in Olney Springs are now at a median cost of $125,162, lower than the Colorado average of $579,698.

The average cost of rent is $1,066/mo in Olney Springs, primarily driven by the current value of real estate in the Olney Springs area. In Olney Springs, 25.41% of households rent, and 48.02% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Olney Springs is $3,987 per month. Households that rent pay about 26.73% of their income on rent here. Olney Springs’s most expensive areas are in the northeastern 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.

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