Olney CDP Maryland Area Home Supply Charts

This page looks at a variety of Olney CDP Maryland housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Olney CDP depicts it has a Housing Units of 12,112 which is the second most housing units of all the places in the greater Olney CDP region.

Figure 2 illustrates the housing density in the Olney CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Olney CDP depicts it has a Housing Density of 747.6 which is less than most other places in the greater region. The place with the highest housing density in the area is Leisure World CDP which shows a density of 6193.5 ( appreciably bigger). Comparing housing density to the United States average of 39.5, Olney CDP is considerably bigger. Also, measured against the state of Maryland, housing density of 259.2, Olney CDP is approximately 2.9 times bigger.

In Figure 4, Olney CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Olney CDP shows it has a Housing Unit Change of 2.0% which is less than most other places in the metro area. The place with the highest change in the housing units in the area is Ashton-Sandy Spring CDP which depicts a housing units of 8.9% (approximately 4.5 times bigger). Comparing change in the housing units to the United States average of 7.4%, Olney CDP is approximately a quarter the size. Also, compared to the state of Maryland, change in the housing units of 5.8%, Olney CDP is approximately a third the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Olney CDP depicts it has a Renter Percent of 10.7% which is less than most other places in the surrounding region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 89.3% which is the third most of all other places in the area.

Olney CDP Maryland Home Cost Charts

Looking at the housing data provided in Figure 7, the average Olney CDP home price is illustrated for this community and a useful analysis of affordable housing. Olney CDP shows it has a Median Home Value of $551,300 which is the second most median home prices of all the places in the greater Olney CDP region. The place with the highest median home price in the area is Ashton-Sandy Spring CDP which shows a home price of $684,800 (24.2% larger). Figure 8 provides aggregate comparative data for the Olney CDP Maryland metro area in terms of the median housing rental rate, apartment rent, etc. Olney CDP shows it has a Median Gross Rent of $2,084 which is at the top of all other places in the greater Olney CDP region. Comparing rental rates to the United States average of $1,163, Olney CDP is 79.2% larger. Also, in comparison with the state of Maryland, rental rates of $1,485, Olney CDP is 40.3% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Olney CDP has the percentage of home price worth between $50,000 to $100,000 the second smallest in order of home price worth less than $50,000 of all the other places in the surrounding region at 2% of the total. Second, it has the largest proportion of home price worth between $400,000 to $500,000 at 46% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Olney CDP shows it has a Median Owner Cost of $2,338 which is the second most median ownership cost of all the places in the greater Olney CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Olney CDP metro area. it has a Owner Cost as % of HH Income of 17% which is the second smallest when ranked by cost as a percent of household income of all the other places in the greater region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Olney CDP depicts it has a Median Home Value as Percent of Median Earnings of 591% which is less than most other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Olney CDP depicts it has a Median Owner Costs-With Mortgage of $2,739 which is the second most median housing cost of all the places in the greater Olney CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $810 which is in the center range of other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Olney CDP has one of the largest proportions of owner cost less than $300 at 3% of the total and is ranked #2. The only larger place being Leisure World CDP with 5%. Second, it has the smallest proportion of owner cost between $1,000 and $1,500 at 10% of the total. Third, it has one of the largest proportions of owner cost between $3,500 and $4,000 at 11% of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with 20%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Olney CDP depicts it has a % of Income Owner Costs-With Mortgage of 20% which is less than most other places in the greater region. The place with the highest cost as a percent of household income in the area is Leisure World CDP which depicts a cost as a percent of household income of 28% (39.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Olney CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is in the middle range of other places in the metro area. The place with the highest cost as a percent of household income in the area is Leisure World CDP which depicts a cost as a percent of household income of 17% (about twice as large).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Olney CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #2. The only larger place being Redland CDP with 23%. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 26% of the total and is ranked #1. Third, it has less than most other places in the metro area in order of rent as a percent of income is between 20pct to 30pct at 10% of the total. Also, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the local area when ranked by rent as a percent of income is between 40pct to 50pct at 25% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Olney CDP has the smallest proportion of housing cost between $1,000 and $1,500 at 11% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $4,943 which is the third most median real estate taxes paid of all other places in the greater Olney CDP region. The place with the highest median real estate taxes paid in the area is Ashton-Sandy Spring CDP which depicts a taxes paid of $6,360 (28.7% larger). Comparing median real estate taxes paid to the United States average of $2,690, Olney CDP is about twice as large. Also, versus the state of Maryland, median real estate taxes paid of $3,633, Olney CDP is 36.1% larger.

Figure 22 shows the percentage of renters who pay for utilities in Olney CDP Maryland. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Olney CDP has the percentage of pay extra for utilities the second smallest as measured by pay extra for utilities of all the other places in the greater region at 7% of the total.

Figure 23 shows the rental rate distribution for this area. Olney CDP Maryland has the largest proportion of rent less than 300 dollars at 2% of the total and is ranked #1. Second, it has the smallest proportion of rent between 750 and 1000 dollars at 7% of the total. Third, it has the largest proportion of rent between 1000 and 1500 dollars at 56% of the total and is ranked #1. Also, it has less than most other places in the metro area in terms of rent between $1,500 and $2,500 at 10% of the total.

Olney CDP Maryland Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Olney CDP has one of the largest proportions of With mortgage at 62% of the total and is ranked #2. The only larger place being Brookeville with 63%. Second, it has the largest proportion of Mortgage and 2nd Mortgage at 1% of the total and is ranked #1. Third, it has the second smallest as measured by With Mortgage of all the other places in the local area as measured by With HELOC no Primary Mortgage at 24% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Olney CDP has the percentage of houses with mortgages the second smallest when ranked by houses with a mortgage of all the other places in the surrounding region at 24% of the total.

Olney CDP Maryland Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is in the center range of other places in the local area. The place with the highest family members per housing unit in the area is Layhill CDP which depicts a family members per housing unit of 3.8 (13.5% larger). Comparing family members per housing unit to the United States average of 3.3, Olney CDP is only slightly larger. Also, versus the state of Maryland, family members per housing unit of 3.3, Olney CDP is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 7.9 which is the second most of all the places in the area. The place with the highest average number of rooms in a house in the area is Ashton-Sandy Spring CDP which depicts an average number of rooms in a house of 10.0 (26.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1986 which is the most of all places in the greater Olney CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 6% of the total and is ranked #3. Only #2 Ashton-Sandy Spring CDP (7%), and #1 Redland CDP (7%) are larger. Second, it has the largest proportion of homes built between 2000 to 2009 at 23% of the total and is ranked #1. Third, it has one of the largest proportions of homes built between 1990 to 1999 at 30% of the total and is ranked #2. The only larger place being Redland CDP with 37%. Also, it has one of the largest proportions of homes built between 1980 to 1989 at 24% of the total and is ranked #2. The only larger place being Layhill CDP with 27%. In addition, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the greater region as measured by homes built between 1970 to 1979 at 4% of the total. Furthermore, it has the second smallest in terms of homes built in 2020 or later of all the other places in the metro area in order of homes built between 1960 to 1969 at 2% of the total. Next it has one of the largest proportions of homes built between 1940 to 1949 at 1% of the total and is ranked #3. Only #2 Ashton-Sandy Spring CDP (4%), and #1 Brookeville (65%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 1,272 of the total and is ranked #2. The only larger place being Aspen Hill CDP with 6,326.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 5 to 9 units in the mid range of other places in the metro area at 2% of the total. Second, it has less than most other places in the local area in terms of 20 to 49 units at 1% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2020 or later at $619,200 of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with $853,700. Second, it has in the mid range of other places in the metropolitan area as measured by value of homes built 2010 to 2019 at $644,500 of the total. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $608,700 of the total and is ranked #3. Only #2 Ashton-Sandy Spring CDP ($814,800), and #1 Brookeville ($833,300) are larger. Also, it has the largest proportion of value of homes built 1990 to 1999 at $515,500 of the total and is ranked #1. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $515,800 of the total and is ranked #2. The only larger place being Ashton-Sandy Spring CDP with $556,000. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $546,800 of the total and is ranked #1. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $463,500 of the total and is ranked #3. Only #2 Redland CDP ($592,400), and #1 Ashton-Sandy Spring CDP ($697,900) are larger. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $397,600 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Olney CDP residents. it has a Owner-Household Size of 3.0 which is the third most homeowner household size of all other places in the greater Olney CDP region. The place with the highest homeowner household size in the area is Redland CDP which depicts a homeowner household size of 3.2 (only about 5.6% larger).

Figure 37 shows the household size for renters. Olney CDP depicts it has a Renter-Household Size of 2.8 which is less than most other places in the local area. The place with the highest renter household size in the area is Layhill CDP which depicts a renter household sizes of 4.5 (57.0% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 18% of the total and is ranked #3. Only #2 Aspen Hill CDP (20%), and #1 Leisure World CDP (22%) are larger. Figure 39 shows the year that people who rent moved into the area. Olney CDP has the smallest proportion of renters moved in 2019 or later at 46% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2018 at 21% of the total and is ranked #2. The only larger place being Leisure World CDP with 41%. Third, it has the largest proportion of renters moved in 2010 to 2014 at 14% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 2000 to 2009 at 3% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is the second most median year that a home owner moved in of all the places in the greater Olney CDP region. Figure 41 compares the median year that renters moved into their home. Olney CDP depicts it has a Renter Median Year Moved In of 2016 which is in the middle range of other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest in terms of homes using natural gas of all the other places in the surrounding region at 29% of the total. Second, it has the largest proportion of homes using coal or coke at 0% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Olney CDP housing department, Maryland department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Olney CDP depicts it has a Total In Group Quarters of 157 which is the third most number of people in group quarters of all other places in the greater Olney CDP region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Olney CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Olney CDP has the percentage of number of people under 18 years of age and in group quarters the second smallest when ranked by number of people under 18 years of age and in group quarters of all the other places in the greater region at 90% of the total.