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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 1.50% |
| Two Bedrooms | 6.40% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 46.90% |
| Five Bedrooms or more | 11.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.1 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $243,800 |
| Median Price asked for vacant units | $341,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $680 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 12.10% |
| Home Equity Loan | 17% |
| Simple Mortgage | 61.70% |
| Debt Free | 8.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
