Olney, Maryland.
Typical home $652,144 (+0.6% in a year), asking rent $2,813 . Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
to buy the typical home at today's mortgage rate — +$1,584 (+86%) since Jan 2020.
- 1 year
- Up $3,607 +1%
- $648,538$652,144 since Sep 2025
- 5 years
- Up $77,315 +13%
- $574,830$652,144 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Olney$3,423
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in Olney, MD rose 0.6% over the past year — slower than the nation's +1.2%.
Living in Olney, Montgomery County, Maryland
Olney, in Montgomery County, had 35,820 people in the 2020 census. Half its households earn more than $171,458 a year and half less, against $132,450 across Montgomery County; 4% of its people live below the poverty line. 89% of its homes are lived in by their owners and 11% are rented. Unemployment in Montgomery County was 3.5% in August 2026, and the county had 1.3% fewer jobs in 2025 than the year before. The most residents work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Olney is a suburban community in Montgomery County where most homes are lived in by their owners, and incomes run well above the county's. Residents tend to be middle-aged, and a large majority of adults hold a four-year degree. Winters are cold and summers are warm, with rain and melted snow spread through the year.
Work. Residents work mainly in professional and business services, in schools, hospitals and social care, and in government, with others in restaurants, hotels and entertainment. In Olney itself, MedStar Montgomery Medical Center, Brooke Grove Retirement Village and the grocery stores at Fair Hill Shopping Center are among the largest workplaces. The commute is on the longer side, though many residents work from home.
Things to do. The Washington Monument, the Smithsonian Institution and the National Mall are all a longer drive away. The National Mall is a park, the Smithsonian is a museum, and the Washington Monument is a protected area. Ford's Theatre, a historic theatre, is also a longer drive away.
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- 11,829households
- 65%of adults have a degree
- 4%below the poverty line
- 32 mintypical commute
- 32%work from home
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 456,358 jobs in 2025, 1.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 27°; warmest in July, with highs near 87° and lows near 69°. About 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rockville Northeast weather station, 5 miles away (NOAA).
Largest workplaces in Olney
- Medstar Montgomery Medical CenterGeneral hospital812FTE
- Brooke Grove Retirement VillageContinuing care retirement communities425
- NAI Saturn EasternSupermarkets and other grocery stores140
- R&R Contracting UtilitiesConstruction management, water and sewer line139
- Harbor Olney ManagementRetirement communities, continuing care138
- Harris Teeter Supermarkets, Inc.Supermarkets and other grocery stores138
- US Fitness HoldingsHealth and fitness center101
- Winter GrowthContinuing care retirement communities75
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 15 workplaces with 20 or more staff, 2,866 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Olney’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montgomery County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
Olney home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Olney$652,144
- Maryland$424,890
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Olney listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Olney29.34%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Olney57
New listings per month
Sellers arriving at the market.
- Olney21
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Olney$620,270
- United States$370,717
Zip codes with a Olney address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Olney — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.