What is the rental vacancy rate in Olney, IL?
The rental vacancy rate in Olney, IL is 1.6% (±2.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.1% (±1.8 points).
554 (±179) homes, 13.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Olney, the rental vacancy rate went from 10.8% in 2015–2019 to 1.6% in 2020–2024 (−9.2 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 1.6% (±2.4 points)
- Homeowner vacancy rate
- 1.1% (±1.8 points)
- Vacant homes
- 554 (±179)
Vacancy in Olney against Richland County, its state and the nation
| Olney | Richland County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 1.6% (±2.4 points) | 3.1% (±3.0 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.1% (±1.8 points) | 1.5% (±1.1 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 554 (±179) | 920 (±219) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Olney, the rental vacancy rate is not measurably different from Richland County (3.1%).
It is also lower than in Illinois (5.0%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Olney
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Olney | — | 1.6% (±2.4 points) | — |
| Olney Township | 1.2 mi | 3.5% (±3.7 points) | Not measurably different |
| Preston Township | 5.6 mi | 0.0% (±20.7 points) | Not measurably different |
| Calhoun | 5.7 mi | 0.0% (±100.0 points) | Not measurably different |
| Claremont | 6.0 mi | 0.0% (±75.1 points) | Not measurably different |
| Claremont Township | 6.2 mi | 0.0% (±75.1 points) | Not measurably different |
| Noble Township | 7.1 mi | 4.8% (±7.9 points) | Not measurably different |
| Noble | 7.5 mi | 9.0% (±13.1 points) | Not measurably different |
| German Township | 7.8 mi | 0.0% (±100.0 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Richland County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Noble | 9.0% (±13.1 points) |
| 2 | Noble Township | 4.8% (±7.9 points) |
| 3 | Olney Township | 3.5% (±3.7 points) |
| 4 | Olney | 1.6% (±2.4 points) |
| 5 (tie) | Calhoun | 0.0% (±100.0 points) |
| 5 (tie) | Claremont | 0.0% (±75.1 points) |
| 5 (tie) | Parkersburg | 0.0% (±96.0 points) |
| 5 (tie) | Bonpas Township | 0.0% (±100.0 points) |
| 5 (tie) | Claremont Township | 0.0% (±75.1 points) |
| 5 (tie) | Denver Township | 0.0% (±100.0 points) |
Showing 10 of 13 places in Richland County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Olney
Is it hard to find a rental in Olney?
The rental vacancy rate in Olney, IL is 1.6% (±2.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Olney tighter than it was?
In Olney, the rental vacancy rate went from 10.8% in 2015–2019 to 1.6% in 2020–2024 (−9.2 percentage points), a measurable decrease.
How many homes are vacant in Olney?
An estimated 554 (±179) housing units, 13.3% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Olney city, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Olney city, Illinois
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Olney city, Illinois (place:55912, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Olney
- How long people stay in Olney
- Crowding and facilities in Olney
- Illinois landlord and tenant rules
- Housing across Richland County
- Illinois places ranked by rental vacancy rate
- Housing data for every place in Illinois