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Olney Real Estate

Olney, a community located just north of Silver Spring and 19 miles away from Washington, DC, was once a small, sleepy rural village. Today, traffic fills the roads that were originally carved for farmers to haul produce to market, as Olney has become a bustling suburb of the nation's capitol.

Olney covers about 13 square miles, and is home to some 31,000 residents. Most households are made up of young families with no children, although there are also older families with children, and upwardly mobile singles. The median age of an Olney resident is 34.

Surrounded on the north by rural farmland and luxury estate homes, Olney offers real estate ranging from $170,000 to half a million dollars. The average home sells for $369,000, which buys a single-family home of three or four bedrooms.

Most real estate here has been built since the 1960s. Much of it dates back only about ten years. Homes constructed within the past five years offer style, gourmet kitchens, garden baths and lovely colonial-style or town home architecture. Olney also offers more affordable homes built within the past 35 years on lots of one-third of an acre or more.

K-12 education here is highly rated, with a favorable compared to the national average ratio of teachers to students. Classroom overcrowding is not a problem, and most pupils graduate from high school. Many also go on to pursue a college degree. Approximately half of the residents have a bachelor's or advanced college degree. The average household income is roughly $115,000--nearly three times the national average income.

Taking a close look, once can find many tidbits of history in Olney, which although small has been in existence since the 1700s. An 1817 house built for the farmer who patented the first refrigerator is here, as is an 1838 homestead used as a private girl's boarding school, and Civil War bullets and badges hidden in the dirt behind one of the neighborhood's shopping centers.

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