Olney, MD Real Estate

According to census data in the year 2000 there were 10,429 housing units in Olney. This represents a 43.5% growth from 7,267 in 1990.

Of those housing units, 10,429 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 91.2%. Olney's vacancy rate, including seasonal lodging, is about 1.4%. Average household size is 3.06 people.

The majority of houses, apartments or condos in Olney were built after 1984.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom1.50%
Two Bedrooms6.40%
Three Bedrooms33.40%
Four Bedrooms46.90%
Five Bedrooms or more11.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.1
Median year structure was built1984
Median Value of occupied units$243,800
Median Price asked for vacant units$341,700

Rented Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1986
Median Monthly Rent asked for vacant units$680

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage12.10%
Home Equity Loan17%
Simple Mortgage61.70%
Debt Free8.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%