Most Expensive Olney Neighborhoods
Olney is a medium-sized town located in the state of Maryland. With a population of 35,713 people and five constituent neighborhoods, Olney is the 27th largest community in Maryland.
Olney home prices are not only among the most expensive in Maryland, but Olney real estate also consistently ranks among the most expensive in America.
Olney is a decidedly white-collar town, with fully 92.41% of the workforce employed in white-collar jobs, well above the national average. Overall, Olney is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Olney who work in management occupations (16.03%), office and administrative support (11.64%) and teaching (10.60%).
Also of interest is that Olney has more people living here who work in computers and math than 95% of the places in the US.
Because of many things, Olney is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Olney really has some of the features that families look for when choosing a good community to raise children. Is Olney perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One downside of living in Olney is that it can take a long time to commute to work. In Olney, the average commute to work is 35.22 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the town, so leaving the car at home and taking transit is often a viable alternative.
Although the majority of commuting trips in the town are by private automobile, Olney is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the subway helps to get to and from their jobs every morning, which benefits everyone in the Olney area by reducing both traffic and air pollution.
If knowledge is power, Olney is a pretty powerful place. 62.29% of the adults in Olney have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Olney in 2010 was $49,495, which is wealthy relative to Maryland and the nation. This equates to an annual income of $197,980 for a family of four.
Olney is a very ethnically-diverse town. The people who call Olney home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Olney residents report their race to be White, followed by Black or African-American. Important ancestries of people in Olney include Irish, German, English, Italian, Polish and European.
Olney also has a high percentage of its population that was born in another country: 19.22%.
The most common language spoken in Olney is English. Other important languages spoken here include Spanish and Korean.
|NUMBER OF HOMES AND APARTMENTS||11,635|
|OLNEY HOME OWNERSHIP|
|% OWNER OCCUPIED||88.73%|
|% RENTER OCCUPIED||11.27%|
|TYPE OF OLNEY HOMES|
|SINGLE FAMILY DETACHED||68.55%|
|ROWHOUSES AND ATTACHED HOMES||25.60%|
|SMALL APARTMENT BUILDINGS||0.69%|
|COMPLEXES OR HIGH RISE APARTMENTS||5.17%|
|SIZE OF OLNEY HOMES|
|5 OR MORE BEDROOMS||14.70%|
|AGE OF OLNEY HOMES|
|NEWER HOMES (2000 OR LATER)||9.66%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||80.12%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||9.02%|
|HISTORIC (1939 OR BEFORE)||1.19%|
|OLNEY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$535,878|
|MEDIAN RENTAL PRICE||$1,767|
|HOME VALUE RANGE|
|$0 - $55,000||1.58%|
|$55,001 - $109,000||0.19%|
|$109,001 - $218,000||2.09%|
|$218,001 - $327,000||9.22%|
|$327,001 - $436,000||13.85%|
|$436,001 - $545,000||26.40%|
|$545,001 - $818,000||36.26%|
|$818,001 - $1,090,000||7.95%|
|PEOPLE OF OLNEY||DETAILS|
|UNDER 5 YEARS||4.50%|
|5 TO 17||20.17%|
|18 TO 24||8.78%|
|25 TO 34||7.54%|
|35 TO 54||31.08%|
|55 TO 64||16.25%|
|65 YEARS AND OVER||11.67%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||95.61%|
|MEDIAN HOUSEHOLD INCOME||$126,468|
|PER CAPITA INCOME||$49,495|
|INDIVIDUALS BELOW POVERTY LEVEL||2.55%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (17.57%)
Public Service (10.91%)
Real estate (3.43%)
Information Technology (2.81%)
|BLACK OR AFRICAN AMERICAN||13.19%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.17%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.05%|
|SOME OTHER RACE ALONE||1.26%|
|TWO OR MORE RACES||3.41%|
|HISPANIC OR LATINO (OF ANY RACE)||8.69%|
|ETHNICITIES PRESENT||Irish (14.06%)
|LANGUAGES SPOKEN||English (77.21%)
African languages (1.64%)
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