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Advertise here →Olney, IL · Houses & Market Data
Olney, Illinois houses and real estate market data.
Houses in Olney, IL (Richland County) — Census median home value $96,900, county listing prices up about 4.1% over the past year. Market data for Olney houses and the broader area.
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Olney, IL is in Richland County, Illinois — this guide covers houses in Olney and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 8,864, with a median household income of $57,997. Census data puts the median value of houses in Olney at $96,900.
Info from government sites and builders may have provided source info.
Market overview
Olney housing market
Olney is in Richland County, Illinois. Manifest Census and county price-trend data provide baseline context for houses in Olney and the surrounding county market.
Median home value (Census ACS)
$96,900
Population (Census ACS)
8,864
Median household income
$57,997
County price trend (2025)
4.06% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Olney market snapshot
Population
8,864
County
Richland County
Median Household Income
$57,997
Median Home Value (city)
$96,900
Median Gross Rent
$769/mo
Price Trend (YoY)
+4.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Olney different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Olney's median home value — across all owner-occupied homes, not just recent sales — at $96,900.
County Price Trend
Richland County's FHFA house price index shows a 4.06% annual change in 2025.
Population & Income
Olney has an estimated population of 8,864 and a median household income of $57,997, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Olney's Census-reported median home value works out to about 1.7x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Olney
County guide: Richland County — cities, market context, and local resources for the county that includes Olney.
USAHouses.com also helps visitors looking in nearby Richland County and other Illinois communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Calhoun, Claremont, Dundas, Noble, Parkersburg.
Calhoun market data
Nearby city · ~5.7 mi
Claremont market data
Nearby city · ~6.0 mi
Dundas market data
Nearby city · ~7.4 mi
Noble market data
Nearby city · ~7.5 mi
Parkersburg market data
Nearby city · ~9.7 mi
More Illinois cities with market guides: Aurora, Joliet, Naperville, Rockford, Elgin, Springfield, Peoria, Waukegan.
Aurora market data
Same-state city guide
Joliet market data
Same-state city guide
Naperville market data
Same-state city guide
Rockford market data
Same-state city guide
Elgin market data
Same-state city guide
Springfield market data
Same-state city guide
Peoria market data
Same-state city guide
Waukegan market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: West Liberty (~8.6 mi), Sumner (~11.8 mi), Ste. Marie (~14.3 mi), Clay City (~14.6 mi), West Salem (~14.9 mi), Sailor Springs (~15.1 mi), Bridgeport (~17.6 mi), Newton (~18.4 mi), Willow Hill (~18.8 mi), Bone Gap (~20.1 mi), Lawrenceville (~21.4 mi), Flora (~21.4 mi), Louisville (~23.0 mi), Albion (~24.3 mi), Browns (~24.8 mi), Wheeler (~25.2 mi).
New construction: New homes near Olney (Chicago) · Illinois new construction.
Census & home facts
Olney data from published sources
Population (ACS 2023)
8,864
Median home value (ACS 2023)
$96,900
Median household income (ACS 2023)
$57,997
Median gross rent (ACS 2023)
$769
County FHFA annual change (2025)
4.06%
Census place type
city
County
Richland County
Land area (Census Gazetteer 2024)
6.93 sq mi
Census GEOID
1755912
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Olney
Availability and pricing are controlled by the builder and may change; confirm with the builder.
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Local life
Life in Olney
Schools
Richland County CUSD 1 — 3 schools, 2,280 students enrolled, per the U.S. Department of Education's Common Core of Data. Richland addresses may be served by Richland County CUSD 1, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Olney FAQ
What are houses worth in Olney, IL?
The Census Bureau's American Community Survey puts the median value of houses in Olney at $96,900.
How much do houses cost in Olney, IL?
For owner-occupied houses in Olney, Census ACS data shows a median value of $96,900. Active listing prices in Richland County may differ — see the market snapshot above.
What types of houses are in Olney, IL?
Olney houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Richland County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Olney, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Olney's population at approximately 8,864.
What's the median rent in Olney, IL?
The Census ACS estimates median gross rent in Olney at approximately $769 per month.
What is the median household income in Olney, IL?
Census ACS data puts the median household income in Olney at approximately $57,997.
Is the Olney housing market growing?
Richland County's FHFA house price index shows a 4.06% annual change in 2025.
Is Olney, IL affordable relative to income?
Census ACS data puts Olney's median home value at about 1.7 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Olney, IL?
Manifest and public school-directory data suggest Richland County CUSD 1 for many Olney addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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