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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 $125,484, lower than the Texas average of $322,096.
The average cost of rent is $472/mo in Olney, primarily driven by the current value of real estate in the Olney area. In Olney, 34.65% of households rent, and 62.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olney is $3,994 per month. Households that rent pay about 11.82% of their income on rent here. Olney’s most expensive areas are in the southeastern 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
- Padgett, TX: equally priced homes
- Megargel, TX: less expensive homes
- Loving, TX: higher priced homes
- Elbert, TX: less expensive homes
- Markley, TX: higher priced homes
- Jermyn, TX: higher priced homes
- Antelope, TX: higher priced homes
- Round Timber, TX: higher priced homes
- Shannon, TX: higher priced homes
- Jacksboro, TX: higher priced homes
Cities with Similar Populations
- Wilsons Mills, NC: higher priced homes
- Wilsonville, AL: higher priced homes
- Woodville, MS: less expensive homes
- Woodruff, WI: higher priced homes
- Woodson Terrace, MO: less expensive homes
- Evans Mills, NY: higher priced homes
- Fairbury, NE: equally priced homes
- Fairbury, IL: higher priced homes
- Oriskany, NY: higher priced homes
- Orleans, IN: higher priced homes
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