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Olney, IL Home Values and Rents
The typical home value in Olney is $138,359, 580th highest of 696 cities and towns in Illinois. Median rent is $809 a month.
- Typical home value
- $138,359
- 580th of 696 in IL
- Median rent
- $809/mo
- ACS 2020-2024
- Price change, 1 year
- +8.0%
- Sep 2026
- Homeownership
- 65.4%
- IL: 67.1%
Typical home value in Olney
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Olney |
|---|---|
| Sep 2026 | $138,359 |
| Dec 2025 | $135,048 |
| Dec 2024 | $126,313 |
| Dec 2023 | $127,193 |
| Dec 2022 | $129,196 |
| Dec 2021 | $107,079 |
| Dec 2020 | $116,349 |
| Dec 2019 | $104,463 |
| Dec 2018 | $100,011 |
| Dec 2017 | $95,868 |
| Dec 2016 | $89,187 |
Over five years, Olney prices changed +23.4%.
Source: Zillow Research · Last updated 09/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 62450 | $116,500 | $809 | +8.9% | +36.7% |
Fair Market Rents, FY2027
HUD rent standard for Richland County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $651 | +3.0% |
| 1 bedroom | $715 | -1.9% |
| 2 bedrooms | $935 | +2.1% |
| 3 bedrooms | $1,114 | +1.5% |
| 4 bedrooms | $1,358 | -2.3% |
Frequently asked questions
- What is the typical home value in Olney, IL?
- The typical home value in Olney is $138,359 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Olney?
- The median rent in Olney is $809 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $935.
- Are home prices going up in Olney?
- The typical home value in Olney changed +8.0% over one year and +23.4% over five years, as of Sep 2026.
- How does Olney compare with the rest of Illinois?
- Olney has the 580th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.
- Which ZIP code in Olney has the highest home values?
- ZIP code 62450 has the highest median home value at $116,500.