Frequently Asked Questions Why Live in Olney
Is Olney a good place to live?
Olney is a good place to live. Olney is considered very car-dependent and somewhat bikeable. Olney is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Olney has 1 park for recreational activities. It has a median age of 42. The average household income is $73,835 which is below the national average. College graduates make up 23.5% of residents. A majority of residents in Olney are home owners, with 38.5% of residents renting and 61.5% of residents owning their home. A local real estate agent serving Olney can help you decide if this neighborhood is the right one for you. Learn more on our Olney neighborhood guide.
Is Olney, TX a safe neighborhood?
Olney, TX is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Olney?
The median home price in Olney is $120,000. If you put a 20% down payment of $24,000 and had a 30-year fixed mortgage with an interest rate of 6.37%, your estimated principal and interest payment would be $600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $26K a year to afford the median home price in Olney. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Olney is $74K.
What are the best public schools in Olney?
The best public schools that serve Olney are:
- Olney Junior High School has an A- Niche grade and a student teacher ratio of 10:1.
- Olney High School has a B Niche grade, a student teacher ratio of 9:1 and an average review score of 3.7.
- Olney Elementary School has a B Niche grade and a student teacher ratio of 11:1.
What are the most popular zip codes in Olney, Olney, TX?
Are home prices dropping in Olney?
Yes, home prices in Olney are down 14% in the last 12 months.
