Olney, IL Real Estate
According to census data in the year 2000 there were 4,289 housing units in Olney.
This represents a 6.5% growth from 4,028 in 1990.
Of those housing units, 4,289 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Olney is about 69%.
Olney's vacancy rate, including seasonal lodging, is about 12.3%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Olney were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 11.90% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 40.90% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $57,600 |
| Median Price asked for vacant units | $49,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $344 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 0.60% |
| Simple Mortgage | 43.70% |
| Debt Free | 50.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
