Zip 62450 (Olney, IL) Housing

The housing market in 62450 Olney, IL is relatively strong, with a median value of $101,300. This is significantly lower than the US median value of $338,100, but the 1 year house appreciation rate is still quite high at 7.94%. Although this is slightly lower than the US house appreciation rate of 8.27%, it still demonstrates that the housing market in Olney is stable and growing. Homeowners should expect to see their investments grow in value in the coming years.

The median home cost in Olney (zip 62450) is $101,300. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Olney (zip 62450) is up 9.4%.

Average Age of Homes

- The median age of Olney (zip 62450) real estate is 49 years old

The Rental Market in Olney (zip 62450)

- Renters make up 26.1% of the Olney (zip 62450) population
- 1.4% of houses and apartments in Olney (zip 62450), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Olney, Illinois	United States
	5,795.0	139,647,020.0
	50	42
	$101,300	$338,100
	9.4%	16.6%
	34.8%	57.0%
	47.0%	101.1%
	$18.18	$10.98
	$1,785	$2,690
	60.8%	57.4%
	13.3%	11.2%
	26.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.7%	0.4%
	0.1%	0.7%
	2.2%	0.4%
	0.9%	3.6%
	8.0%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	10.0%	2.4%
	9.9%	2.8%
	12.7%	3.9%
	14.6%	4.5%
	14.5%	11.3%
	12.6%	13.0%
	15.2%	20.1%
	3.6%	13.6%
	1.3%	8.3%
	1.4%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	9.9%	13.6%
	12.3%	13.2%
	18.9%	14.8%
	9.9%	13.6%
	16.1%	10.0%
	6.0%	4.7%
	16.4%	12.2%

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