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Median Home Price in Olney, IL

The median home value in Olney, IL is $140,108 as of 2026-06-30, up 10.67% from a year earlier.

Median Home Value

$140,108

Year-over-Year

+10.67%

Population

8,453

Olney ranks #246 of 279 Illinois cities tracked here by median home value, and sits 56.0% below the state's city median of $318,423. It sits in Richland County, where the county-wide median is $140,556.

Crime in Olney

Olney police recorded a violent crime rate of 225 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,041 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Olney

How much does a house cost in Olney, IL?

The median home value in Olney is $140,108. That's up 10.67% from a year earlier. That is about 56.0% below the typical county in Illinois.

Is Olney expensive compared to the surrounding area?

Homes in Olney are cheaper than Richland County as a whole, where the median is $140,556 — a difference of about 0.3%.

Is Olney a safe place to live?

Olney police reported 225 violent crimes per 100,000 residents, covering a population of about 8,453. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.