Housing in Olney, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$134,429
Olney vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Olney is highlighted.
Median Home Value
19th%ilemost expensive$96,900show rank
Median Rent
26th%ilemost expensive rent$769show rank
Rent Burden
30th%ilehighest rent burden15.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$96,900
Median Rent
$769
Total Housing Units
4,148
Vacancy Rate
14.7%
Owner Occupied
65.6%
Renter Occupied
34.4%
Median Property Tax
$1,591
per year
Monthly Cost (w/ Mortgage)
$616
Housing Types
Single Family82.3%
Multi-Family11.7%
Mobile Home6.0%
The median home value in Olney, IL is $96,900. According to Zillow, the home value index for Olney is $134,429. The median rent is $769 per month (Census ACS). About 65.6% of housing units are owner-occupied. The median year homes were built is 1966. There are 4,148 total housing units.