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Why Live in Olney

Olney, known as the "White Squirrel Capital of the World," is a unique neighborhood where white squirrels are protected and celebrated. The area features a mix of homes built from the late 1800s to the early 2000s, with newer developments on the outskirts. The median home price is significantly below the national average, making it an affordable option for potential buyers. The neighborhood is laid out in a grid pattern and includes five parks where white squirrels thrive, such as East Fork Lake, which offers boating and fishing opportunities. Local laws protect the squirrels, and food-producing trees are planted specifically for them. Major employers in Olney include a Walmart Distribution Center and Carle Richland Memorial Hospital. The well-rated Richland County Community Unit School District 1 serves the area, along with St. Joseph School and Olney Central College, which offers associate and bachelor’s degrees through a partnership with Franklin University. Main Street and West Street are the primary commercial areas, featuring a mix of local shops and restaurants. Annual events like the Squirrel Count, Richland County Fair, and Fall Festival bring the community together. Public transportation is available through the White Squirrel bus route, and major highways provide access to St. Louis, Springfield, and Indianapolis within 2.5 hours. The crime rate in Olney is lower than the national average, contributing to its appeal as a safe place to live.

Home Trends in Olney, IL

Housing Trends

Median Sale Price
$140,000
Median Single Family Sale Price
$145,000
Average Price Per Sq Ft
$158
Number of Homes for Sale
12
Last 12 months Home Sales
39
Months of Supply
3.70
Median List Price
$149,500
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
12%
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