Olney, MD—20832
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olney, MD
As of Oct '25, the median home price in Olney, MD is $656,000, with a year-over-year change of 2.5%. This indicates that home prices in Olney, MD are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $656,000 | 2.6% |
| Single Family | $686,000 | 1.9% |
| Condos | $328,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | -0.3% |
3 Bed | $496,000 | 1.0% |
4 Bed | $754,000 | 0.9% |
| 5 Bed | $881,000 | 0.1% |
% of Housing Stock
Rental Trends — Olney, MD
As of July '25, Rentcast reports the average rent in Olney, MD is $3,210, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in Olney, MD is studios: $1,100, 1-bedrooms: $1,590, 2-bedrooms: $2,340, 3-bedrooms: $3,000, 4-bedrooms: $4,150. The most common rental property sizes in Olney, MD are 3-bedroom and 2-bedroom, accounting for 45.9% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,210 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,590 | $1,590 |
| 2 Bed Rent | $2,350 | $2,340 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | $3,000 | $4,150 |
% of Rental Stock
Property Listings — Olney, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Olney, MD is 32. This is a increase of 100.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $702,000 | 11.0% |
Listing Count | 49 | 42.0% |
| Listings as % of Homes | 0.2% | 42.0% |
Days on Market | 32 | 100.0% |
Demographics — Olney, MD
As of the latest ACS Survey released in 2023, Olney, MD has a population of 25,800, which has decreased by -2.6% over the past 5 years. Olney, MD is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 63.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,800 | -2.6% |
% Under 18 | 26.9% | 12.6% |
% Seniors | 15.2% | 3.4% |
% WFH | 25.4% | 345.6% |
% w/ College Degree | 63.6% | 6.0% |
As of the latest ACS Survey released in 2023, Olney, MD is a predominantly white area, with 55.9% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Olney, MD is black, making up 13.5% of the population. Foreign-born residents account for 22.2% of the population in Olney, MD, and this percentage has increased by 0.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.9% | -8.8% |
% Black | 13.5% | 22.7% |
% Hispanic | 12.1% | 14.2% |
% Asian | 11.9% | -3.3% |
% Foreign Born | 22.2% | 0.9% |
Mortgage and Risk — Olney, MD
According to HUD data as of 2023, there were 350 mortgage originations in Olney, MD, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Olney, MD. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 350 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Olney, MD
As of 2024, the percent of homes in Olney, MD under the Section 8 program is 11.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Olney, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $840 | $1,590 | $2,430 |
| 2 Bedroom | $390 | $2,350 | $2,740 |
| 3 Bedroom | $430 | $3,000 | $3,430 |
| 4 Bedroom | $1,040 | $3,000 | $4,040 |
Affordability — Olney, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $656,000 |
| Median Household Income | $167,000 |