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IL area data

Olney, IL

Olney, IL.

Population: 12,327 (Census ACS)

The typical home value in Olney, IL is $133,511 — up 9.8% over the past year. Homes sell for a median $184,000 after a median 196 days on market. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, strong wind the top-rated hazards. Cost of living is at the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$133,511

Typical home value

+9.8%

1-year change

196

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$133,511
1-year appreciation
+9.8%
3-year appreciation
+8.8%
5-year appreciation
+20.5%
10-year appreciation
+50.7%
Peak value since 2000 (Apr 2026)
$134,877
House Price Index (state)
340.3 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$184,000
Median list price
$124,950
Median price per sqft
$97
1-year sale-price change
+130.0%
Median days on market
196 days
Homes sold (recent period)
4
For-sale inventory
36
Sale-to-list ratio
97.4%
Active listings
4
New listings (monthly)
12

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$651/mo
1BR fair-market rent
$715/mo
2BR fair-market rent
$935/mo
3BR fair-market rent
$1,114/mo
4BR fair-market rent
$1,358/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
100.0 (100 = US avg)
Electricity rate (state-level)
17.7¢/kWh
Natural gas rate (state-level)
$11.30/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
1
Middle schools
1
High schools
3
Avg student-teacher ratio
14.9 : 1
School districts serving the area
Clay/Cwford/Jsper/Lwrnce/Rhland, Richland County CUSD 1
Schools include
ASSIST TAOEP 12, ASSIST RSSP 12, Richland County High School, Richland County Middle School, Richland County Elementary School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
drought, strong wind
Notable hazard ratings (county)
drought: Relatively Moderate · strong wind: Relatively Moderate · hail: Relatively Low · tornado: Relatively Low · cold wave: Relatively Low · heat wave: Relatively Low
Wildfire risk to homes (county)
Higher than 1% of US counties
Buildings in wildfire direct-exposure zone
35.7%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Indian Refinery-Texaco Lawrenceville (21.7 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
54.0°F
Average high
65.0°F
Average low
44.0°F
Annual precipitation
48.8 in
Annual snowfall
10.5 in
USDA plant hardiness zone
6b (extreme annual low -5 to 0°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

National parks within ~60 mi
1
Nearest national park
George Rogers Clark National Historical Park (30 mi)
Airports within 30 mi
14
Nearest airport
Olney Noble Airport (OLY) (5 mi)
Hospitals in or near this ZIP
1
Hospitals include
CARLE RICHLAND MEMORIAL HOSPITAL
Avg hospital rating (CMS)
2.0 / 5
Best hospital rating nearby (CMS)
2.0 / 5
Solar radiation rating
Fair (4.2 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+6 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1972
Housing built before 1970
46.4%
Housing built 2000 or later
12.1%
Median annual property tax
$1,933
Mean commute to work
17 min
Households with broadband internet
61.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
4,935
Average weekly wage
$1,000
Top industries (by employment)
Health Care, Accommodation & Food, Finance & Insurance
Annual residential building permits (county)
8

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

OlneyState medianUS median
Typical home value$133,511$194,869$288,527
Median sale price$184,000$212,000$325,000
Median days on market196 days48 days51 days
Median annual property tax$1,933$2,696$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Olney, IL?
$133,511.
What is the median sale price in Olney, IL?
$184,000.
How long do homes take to sell in Olney, IL?
Median days on market: 196 days.
What is typical rent in Olney, IL?
2-bedroom fair-market rent: $935/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Olney, IL?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, strong wind.
What is the wildfire risk in Olney, IL?
Risk to homes is higher than 1% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Olney, IL?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Olney, IL?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Olney, IL?
6 schools (1 elementary, 1 middle, 3 high) (NCES, 2024-25).
What is the cost of living in Olney, IL?
Regional Price Parity: 100.0 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

ZIP code for Olney

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents