HomeIllinoisRichland CountyOlney
Olney, Illinois: commercial real estate data.
Olney is a Census city of 8,577 people across 6.93 square miles of land, in Richland County. Median household income is $59,980, 65.4 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $1.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Olney
What Olney is
- Census place typecity
- Land area6.93 sq mi
- Water area0 sq mi
- Population per square mile of land1,237
- County holding the largest share of its areaRichland County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Olney
How many people live in Olney
- Population8,577
- Median age41.0
- Population under 182,041
- Share under 1823.8 percent
- Population 65 and over1,853
- Share 65 and over21.6 percent
- Households3,599
- Family households1,950
- Share of households that are families54.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Olney
Income and work in Olney
- Median household income$59,980
- Per capita income$32,779
- Civilian labor force4,016
- Employed3,829
- Unemployed187 plus or minus 115
- Unemployment rate4.7 percent plus or minus 2.8
- Adults 25 and over5,917
- Adults 25 and over with a high school diploma or higher92.3 percent
- Adults 25 and over with a bachelor degree or higher21.2 percent plus or minus 4.3
- Adults 25 and over with a graduate degree7.9 percent plus or minus 2.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Olney
Housing in Olney
- Housing units4,153
- Occupied units3,599
- Vacant units554 plus or minus 179
- Vacancy rate13.3 percent plus or minus 4.3
- Owner occupied2,352
- Renter occupied1,247
- Ownership rate65.4 percent
- Median owner-occupied home value$99,800
- Median gross rent, monthly$809
- Annual rent as a share of median income16.2 percent
- Single family units3,382
- Share single family81.4 percent
- Units in buildings of two or more533 plus or minus 144
- Share in buildings of two or more12.8 percent plus or minus 3.4
- Mobile homes238 plus or minus 88
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Olney
How Olney gets to work
- Workers 16 and over who commute3,603
- Commuting under 15 minutes2,360
- Share commuting under 15 minutes65.5 percent
- Commuting 30 minutes or more798 plus or minus 213
- Share commuting 30 minutes or more22.1 percent plus or minus 5.6
- Drove alone80.7 percent
- Carpooled9.5 percent plus or minus 3.9
- Public transport0.0 percent
- Walked2.3 percent plus or minus 1.7
- Worked from home5.0 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Olney
SBA loans in Olney (7(a))
- Approvals1
- Gross approval$1,145,000
- Average approval$1,145,000
- Median approval$1,145,000
- Largest approval$1,145,000
- Jobs supported7
- Jobs per approval7.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises100.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Olney, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Olney
Flood risk in Olney
- NFIP communityCity of Olney
- NFIP community number170581
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/21/26(M)
The City of Olney participates in the National Flood Insurance Program as community 170581 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Richland County, not Olney
Richland County context, not Olney figures
- Establishments in Richland County423
- Covered employment, Richland County5,834
- Average annual pay, Richland County$50,035
- Housing units permitted, Richland County7
Every figure in this section is published for Richland County as a whole and is not a measurement of Olney.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Olney questions, answered from the record.
How many people live in Olney, Illinois?
8,577, in 3,599 households. Olney city covers 6.93 square miles of land, which is 1,237 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Olney in?
Richland County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Olney?
$59,980. The median owner-occupied home is valued at $99,800. Median gross rent is $809 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Olney businesses?
1 7(a) approvals totaling $1.1 m since FY2020, across 1 lenders, median approval $1,145,000. These count approvals to borrowers whose address is in Olney, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Olney borrowers get paid back?
No rate is published for Olney. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Olney in the National Flood Insurance Program?
Yes. Olney appears in the FEMA Community Status Book as Olney, city of, community 170581, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Olney figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Richland County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Olney.
Is zoning published for Olney?
No. Nothing on this page presents parcel level zoning.
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