Housing in Olney, MD is considerably more expensive than the US median value. The median value of a house in Olney is $577,100 whereas the US median value is $338,100. Although the cost of housing in Olney may seem steep, it has appreciated at a lower rate than the US average over the past year - 5.46% compared to 8.27%. This suggests that although housing in Olney is expensive, it may be an affordable and surprisingly stable investment in comparison to other areas across the country.
The median home cost in Olney is $577,100. Home appreciation the last 10 years has been 46.7%. Home Appreciation in Olney is up 11.2%.
Average Age of Homes
- The median age of Olney real estate is 32 years old
The Rental Market in Olney
- Renters make up 10.8% of the Olney population
- 0.4% of houses and apartments in Olney, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.