Olney, Philadelphia, PA—19120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olney, Philadelphia, PA
As of Oct '25, the median home price in Olney, Philadelphia, PA is $170,000, with a year-over-year change of 1.9%. This indicates that home prices in Olney, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 1.9% |
| Single Family | $170,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | 2.6% |
3 Bed | $166,000 | 1.2% |
4 Bed | $199,000 | 3.1% |
| 5 Bed | $245,000 | 4.7% |
% of Housing Stock
Rental Trends — Olney, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Olney, Philadelphia, PA is $1,300, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Olney, Philadelphia, PA is studios: $975, 1-bedrooms: $1,030, 2-bedrooms: $1,300, 3-bedrooms: $1,640. The most common rental property sizes in Olney, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 50.6% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,300 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $1,000 | $1,030 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,600 | $1,640 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Olney, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Olney, Philadelphia, PA is 44. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | 6.0% |
Listing Count | 141 | -11.0% |
| Listings as % of Homes | 0.7% | -11.0% |
Days on Market | 44 | -10.0% |
Demographics — Olney, Philadelphia, PA
As of the latest ACS Survey released in 2023, Olney, Philadelphia, PA has a population of 68,100, which has decreased by -9.2% over the past 5 years. Olney, Philadelphia, PA is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 68,100 | -9.2% |
% Under 18 | 28.8% | 0.7% |
% Seniors | 13.3% | 82.2% |
% WFH | 7.0% | 288.9% |
% w/ College Degree | 13.4% | -2.9% |
As of the latest ACS Survey released in 2023, Olney, Philadelphia, PA is a predominantly black area, with 46.5% of the population identifying as black. The black population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Olney, Philadelphia, PA is hispanic, making up 31.8% of the population. Foreign-born residents account for 20.1% of the population in Olney, Philadelphia, PA, and this percentage has decreased by 10.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 4.8% | -20.0% |
% Black | 46.5% | -10.7% |
% Hispanic | 31.8% | 3.2% |
% Asian | 13.6% | 22.5% |
% Foreign Born | 20.1% | -10.7% |
Mortgage and Risk — Olney, Philadelphia, PA
According to HUD data as of 2023, there were 761 mortgage originations in Olney, Philadelphia, PA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Olney, Philadelphia, PA. Investor activity is low, as 6.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 761 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Olney, Philadelphia, PA
Olney, Philadelphia, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,019 |
Total Units Section 8 | 632 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,000 | $1,200 |
| 2 Bedroom | $130 | $1,300 | $1,430 |
| 3 Bedroom | $120 | $1,600 | $1,720 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Olney, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $170,000 |
| Median Household Income | $52,000 |