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Home values, rents and more in Olney, IL

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$138,000
Illinois: $296,000 · U.S.: $366,000
Home values, past year
+8.0%
Illinois: +5.3% · U.S.: +1.2%
Population
8,577
ACS 2020–24
Median household income
$59,980
Illinois: $83,390 · U.S.: $80,734
ZIP codes around Olney, IL, shaded by typical home valueOlney62450
  • Under $0k
  • No data
ZIP codes around Olney, IL, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Olney is outlined.

How Olney compares

The typical home in Olney, IL is worth about $138,000, according to the Zillow Home Value Index for September 2026. Home values in Olney are 53% below the typical value in Illinois ($296,000) and 62% below the U.S. typical value ($366,000).

Over the past year, home values in Olney rose 8.0%, compared with +5.3% in Illinois and +1.2% nationally.

The median household income is $59,980, against $83,390 in Illinois and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 8,577 people live in Olney (American Community Survey 2020–24).

Olney has the 240th-lowest typical home value of the 1,005 cities in Illinois with Zillow figures.

Part of: Richland County, IL · Illinois

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Olney, IL

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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