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Olney

CityThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Illinois
$30K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$126K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jan 2017 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Housing Stock

HomesHow many homes we have records for in this area.4,699
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$126K
Single familyThe share of homes here that are single-family houses.94%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.66%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.3.4%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.70%
Company ownedThe share of homes owned by a company or trust instead of a person.22%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.38%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.134
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.174

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.8,492
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,225 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$56K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$68K
Average tempThe average temperature here across a full year.55°F
Annual precipHow much rain and melted snow falls here in a typical year.45 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

How Olney compares

By median home value, Olney is the 2nd most expensive of 5 cities in Richland County, and its typical home is worth more than 52% of all homes in Richland County.

Home values in Olney

Share of homes at each estimated value.

Median
$37K$430K
cities in Richland County ranked by median home value
#Richland CountyMedian valueHomes
1Claremont$135K298
2Olney$126K4,699
3Calhoun$93K166
4Parkersburg$93K161
5Noble$82K763

About the Olney market

What is the median home price in Olney, IL?

The median sale price in Olney, IL is $30,000 (data through January 2017), based on deeds recorded with the county.

How many homes sell in Olney, IL each year?

1 homes sold in Olney, IL over the last 12 months (data through January 2017). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Olney, IL?

Olney, IL contains 4,699 residential properties. The median TopHap Estimate is $126K.

How does Olney, IL compare to the rest of Richland County?

By median home value, Olney, IL is the 2nd most expensive of 5 cities in Richland County. Its typical home is worth more than 52% of all homes in Richland County. Claremont ranks just above it and Calhoun just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Olney, IL?

70% of homes in Olney, IL are owner-occupied. 22% are held by a company rather than an individual.

How much equity do owners in Olney, IL hold?

66% of mortgaged homes in Olney, IL are equity-rich, meaning the loan balance is under half the home's value. 3.4% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Olney on the map

See every recorded sale, price heat map, school zone and flood overlay across Olney in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
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