Olney, Texas Housing

Olney, Texas has a population of 2,981, with a median household income of $51,421.

Current housing data for Olney.

$142,300

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Population

2,981

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Median Income

$51,421

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Unemployment

4.40%

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Housing Price

$142,300

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Crime Rate

12.80

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Internet Speed

88.40 Mbps

Olney is a small local community located in Texas. The city has a population that is below the average city population in Texas, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Olney is a notable city in Texas, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Olney has a population of 2,981, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Olney is $51,421, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Olney is about $142,300, making it relatively affordable compared to many cities in Texas.

Employment and Safety

The unemployment rate in Olney is 4.40%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Olney are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Texas, Olney shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Olney offers a balanced mix of economic conditions, population trends, and housing opportunities within Texas.

Frequently Asked Questions about Olney

What is the population of Olney?

The population of Olney is approximately 2,981.

Is Olney a good place to live?

Olney offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Olney?

The median household income in Olney is around $51,421.

How expensive is housing in Olney?

The average housing price in Olney is approximately $142,300.