Olney, MD 20832 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Olney, MD—20832

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$673,000

0.1% YoY Growth

Household Income

$167,000

26.2% YoY Growth

Days on Market

78.0% Longer YoY

Home Price Forecast

-1.2%

Median Rent

$2,950

16.3% YoY Growth

1-Bed Rent

$1,590

28.1% YoY Growth

2-Bed Rent

$2,350

4.1% YoY Growth

3-Bed Rent

$3,000

4.2% YoY Growth

Home Price Trends — Olney, MD

As of May '26, the median home price in Olney, MD is $673,000, with a year-over-year change of -0.1%. This indicates that home prices in Olney, MD are flat. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$673,000	-0.1%
Single Family	$705,000	-0.3%
Condos	$327,000	-2.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.0%

1 Bedroom

2.6%

2 Bedrooms

22.3%

3 Bedrooms

45.9%

4 Bedrooms

19.4%

5+ Bedrooms

6.8%

Property Listings — Olney, MD

As of May '26, Realtor.com reports that the median days on market for a home in Olney, MD is 16. This is a increase of 78.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$695,000	-9.0%
Listing Count	58	7.0%
Listings as % of Homes	0.2%	7.0%
Days on Market	16	78.0%

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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%

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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%

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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%

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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

Olney, MD—20832

Key Metrics at a Glance

Home Price Trends — Olney, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Olney, MD

% of Rental Stock

Property Listings — Olney, MD

Demographics — Olney, MD

Race and Ethnicity

Mortgage and Risk — Olney, MD

Mortgages

Rentals and Section 8 — Olney, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Olney, MD

Home Price to Income Ratio

Olney, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Sandy Spring, MD

Rockville, MD

Brookeville, MD

Derwood, MD

Brinklow, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$673,000
Median Household Income	$167,000

Olney, MD—20832

Key Metrics at a Glance

Home Price Trends — Olney, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Olney, MD

% of Rental Stock

Property Listings — Olney, MD

Demographics — Olney, MD

Race and Ethnicity

Mortgage and Risk — Olney, MD

Mortgages

Rentals and Section 8 — Olney, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Olney, MD

Home Price to Income Ratio

Olney, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Sandy Spring, MD

Rockville, MD

Brookeville, MD

Derwood, MD

Brinklow, MD

Frequently Asked Questions

What is the average home price in Olney, MD 20832?

How have home prices in Olney, MD 20832 changed over the past year?

What is the home price projection for Olney, MD 20832?

What are the demographics of Olney, MD 20832?

How long does it take homes to sell in Olney, MD 20832?

What is the average rent price in Olney, MD 20832?