Housing costs in Olney?
A typical home costs
$581,700, which is 72.0% more expensive than the national average of
$338,100 and 49.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Olney costs
$2,210 per month, which is 36.4% more than the national average of
$1,620 and 17.6% more than the state average of
$1,820.
Can I afford Olney?
To live comfortably in Olney (zip 20832), Maryland, a minimum annual income of
$111,600 for a family, and
$78,000 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in 20832 Olney, MD is relatively high. The median home value in Olney is $507,000, nearly double the statewide median home value of $279,201. Renters in Olney can expect to pay an average of $1,890 per month for a two-bedroom apartment, while the state median rent for a two-bedroom apartment is around $1,622 per month. Groceries and utilities are also more expensive in Olney than the rest of Maryland on average. Despite these higher costs, many people choose to live in Olney due to its excellent schools and proximity to Washington D.C., Baltimore and Annapolis.