Housing in Olney, MN is expensive compared to the US House Median Value of $338,100, with a Housing Median Value of $309,800. This is likely due to the strong appreciation rates that Olney has seen in the last year at 9.54%, exceeding the US House Appreciation rate of 8.27%. Therefore, those looking to purchase property in Olney should expect high prices and overall rising values over time.
The median home cost in Olney is $309,800. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Olney is up 14.7%.
Average Age of Homes
- The median age of Olney real estate is 62 years old
The Rental Market in Olney
- Renters make up 8.6% of the Olney population
- 0.0% 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.