Olney, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Olney, MD Real Estate Data


Olney Housing Market Information

With 35,713 people, 11,635 houses or apartments, and a median cost of homes of $586,152, Olney house prices are not only among the most expensive in Maryland, Olney real estate also is some of the most expensive in all of America.

Olney is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Olney than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olney. Owner-occupied housing accounts for 88.73% of Olney's homes, and 77.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Olney built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Olney built between 2000 and later ( 9.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.02%). There's also some housing in Olney built before 1939 ( 1.19%).

Olney Home Appreciation Rates

Olney's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Olney during the period has been just -1.05%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Olney's appreciation rate, at 4.51%, has been at or slightly above the national average. In the latest quarter, Olney's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Maryland, our data show that Olney's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Olney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Olney - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Olney real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$586,152

Olney, MD HOME PRICES

Value Range
> $1,130,000 3.0
$848,001 - $1,130,000 9.5
$565,001 - $848,000 35.7
$452,001 - $565,000 24.7
$339,001 - $452,000 14.3
$226,001 - $339,000 9.4
$113,001 - $226,000 1.8
$57,001 - $113,000 0.2
$0 - $57,000 1.5

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
4.30403466651051 7.22433460076046

Number Of Homes And Apartments:
11,635

Rent & Ownership

 

Average Market Rent:
$2,045 / per month

Homeownership Rate

Homeownership
Owners 88.73
Renters 11.27
Vacant 1.54

Housing Market Details

 

Age of Homes

AGE OF Olney HOMES
2000 or Newer 9.7
1970 - 1999 80.1
1940 - 1969 9.0
1939 or Older 1.2

Types of Homes

TYPE OF Olney HOMES
Single-Family 68.5
Townhomes 25.6
Small Apt. Buildings 0.7
Apt. Complexes 5.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Olney HOMES
No Bedroom 0.00
1 Bedroom 2.19
2 Bedrooms 5.61
3 Bedrooms 34.12
4 Bedrooms 43.38
5 or more bedrooms 14.70

Olney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
86.65% 3.74% 9 9
* 10 is highest