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Advertise here →Olney, IL · Market Data
Olney, Illinois real estate market data.
Real estate market data for Olney, IL (Richland County) — Census median home value $96,900, county listing prices up about 4.1% over the past year.
Olney, IL is in Richland County, Illinois — covering the whole local market here: 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 Olney's median home value at $96,900.
At a glance
Olney market snapshot
Population
8,864
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. Full source list ↗
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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.
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Common questions
Olney FAQ
What are home values like in Olney, IL?
The Census Bureau's American Community Survey puts Olney's median home value at $96,900.
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.
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