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What income do you need to buy in Olney?
About $59,000 a year to buy the typical Olney home, which sells for about $165,000.
- Typical sale price
- $165,000Median of 195 sales in the past 12 months
- Income needed
- $59,000A year, before taxes
- Cash needed up front
- $24,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $1,037 |
|---|---|
| Property tax | $196 |
| Insurance | $69 |
| Mortgage insurance | $62 |
| Total a month | $1,364 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Down 8.1% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $170,000 | 42 |
| Q2 2025 | $179,500 | 76 |
| Q3 2025 | $177,500 | 52 |
| Q4 2025 | $166,500 | 64 |
| Q1 2026 | $170,000 | 54 |
| Q2 2026 | $158,000 | 63 |
| Q3 2026 | $169,500 | 35 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Feltonville $135,000
- Logan $120,000
Pricier nearby
- Melrose Park Gardens $220,000
- Fern Rock $178,000
- Lawndale $220,000
Questions about buying in Olney
What income do you need to buy a home in Olney?
About $59,000 a year for the typical Olney price of $165,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Olney?
About $24,000 up front at the typical price: 10% down ($17,000), your share of the transfer tax ($3,777) and closing costs ($3,300).
What does a typical home in Olney cost per month?
A typical Olney home costs about $1,364 a month all in: principal and interest $1,037, property tax $196, insurance $69, mortgage insurance $62. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 195 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.