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Olin

Olin

$387,856 Average Value
$198 Average Price per Sq Ft
12 Homes For Sale

Calm, country living in northern Iredell County

Olin offers a quiet lifestyle set amid pastures, cornfields and forests in northern Iredell County. “It’s a tiny little township between Statesville and Mount Airy,” says Keller Williams Realtor Luke Reid, who has about five years of experience. “Most of the time, when I’m selling out here, it’s to people who already live out here or people who are familiar with the area and trying to get out of the bigger towns.” Dairy and cattle farming are top industries in the area, and hunting is a popular pastime. Reid says land sales account for a significant percentage of the local real estate market. “It’s beautiful land, highly desirable.”

Olin homes sell for below the national median

New Traditionals, cottages, farmhouses, manufactured and ranch-style homes are common. The median lot size is 1 acre, but many homes have more land. Some are obscured from the road by thick pine groves, others front broad, grassy lawns. Prices start close to $170,000 and rise to $360,000. The median hovers around the $300,000 mark, well below the national median of about $420,000 reported by the National Association of Realtors. Land typically sells for between $20,000 and $190,000. Properties with over 100 acres can sell for more than $1.2 million.

Olin Creek, Rocky Creek and other nearby streams are prone to flooding. Iredell County is moderately vulnerable to tornadoes and hurricanes; severe thunderstorms are more likely to cause high water and wind damage in Olin.

Highly rated Agriculture & Science Early College

The Iredell-Statesville Schools district earns an A-minus from Niche and allows school transfers by application. Kids may attend Harmony Elementary (B-plus) between preschool and fifth grade, then North Iredell Middle (B) and North Iredell High (B) between sixth and 12th. The high school shares a campus with the A-minus-rated Agriculture & Science Early College, one of three early college high schools in the district. Students participating in the five-year magnet program graduate with their high school diploma and a two-year college degree from Mitchell Community College.

Hunting preserves, Statesville parks, Lake Norman not far

For game bird hunting, Waterfall Preserve, Quail Haven Hunting Preserve and Rimrock Preserve are nearby. Quail Haven also offers skeet shooting; Rimrock provides bird dogs. Hunting licenses are available at the Iredell County Hall of Justice Annex building in Statesville. The county seat also has parks with playgrounds, walking trails and other outdoor recreational amenities, including Martin Luther King Jr. Park and Mac Anderson Park, which are less than 20 miles from Olin. Lake Norman State Park is a popular destination for boating, fishing, hiking and camping on the south side of Iredell County, less than 30 miles away.

Olin locals head to Harmony and Statesville for shopping/dining

The neighboring town of Harmony has several retailers, including Dollar General, Family Dollar, Lowry Livestock Feeds and the IGA Marketplace of Harmony, a small grocery store. Statesville has more shopping options. On the north side, near the intersection of U.S. Route 21 and Interstate 40, there’s a Walmart Supercenter, an Ingles Market and an Aldi. Home improvement stores and national chain restaurants, like Olive Garden and Cracker Barrel, are also in the area.

Getting around rural Iredell County via I-77, ICATS

Interstate 77 runs south toward Statesville and Charlotte. Iredell Memorial Hospital, a top regional employer, is on the north side of Statesville, less than 15 miles from central Olin. Charlotte Douglas International Airport is about 55 miles away. The Iredell County Area Transportation System, or ICATS, offers demand-response and other public transit services to Iredell County.

Megan Quintin
Written By
Megan Quintin

Interested in learning more about homes in this area? Reach out to Kristi Madison Pfeufer, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Olin Housing Trends

Housing Trends

Median List Price
$317,499
Median Sale Price
$257,500
Median Single Family Sale Price
$294,500
Median Change From 1st List Price
5%
Last 12 months Home Sales
12
Median Home Sale Price YoY Change
-11%
Average Price Per Sq Ft
$198

Area Facts

Number of Homes
480
Number of Homes for Sale
12
Median Year Built
1988
Months of Supply
12.00
Average Single Family Home Size Sq Ft
1,769
Below the national average
1,928
Median Lot Size Sq Ft
43,560

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Olin Has More Owners

Demographics

Total Population
2,574
Median Age
43
Population under 18
22.5%
On par with the national average
23.8%
Population over 65
21.5%
On par with the national average
19.1%

Finances

Median Household Income
$67,968
Below the national average
$79,601
Average Household Income
$81,453

Education and Workforce

High School Graduates
89.7%
College Graduates
8.1%
Significantly below the national average
34.1%
Advanced Degrees
2.5%
Below the national average
13.3%
% Population in Labor Force
62.7%

Weather

Annual Precipitation
47''
Average Winter Low Temperature
27°F
Average Summer High Temperature
87°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

2 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Olin
Kristi Madison Pfeufer
Madison & Company Realty
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