Olney median real estate price is $178,682, which is less expensive than 79.4% of Pennsylvania neighborhoods and 84.7% of all U.S. neighborhoods.
The average rental price in Olney is currently $2,035, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.1% of the neighborhoods in Pennsylvania.
Olney is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.
Olney real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Olney neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Home and apartment vacancy rates are 7.7% in Olney. NeighborhoodScout analysis shows that this rate is lower than 47.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
If you love row houses and attached homes, you will probably really like the Olney neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 87.2% of the residential real estate here is classified as row houses and attached homes.
In addition, the Olney neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,917 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Olney neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, owner-occupied real estate dominates the Olney neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.4% of neighborhoods in America.
In the Olney neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 24.0% of commuters carpool here, which is more than in 96.2% of all U.S. neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 95.2% of U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Olney neighborhood. More residents of the Olney neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
Did you know that the Olney neighborhood has more Jamaican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.8% of this neighborhood's residents have Jamaican ancestry and 8.6% have Puerto Rican ancestry.
Olney is also pretty special linguistically. Significantly, 0.4% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Olney neighborhood in Philadelphia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.5% of the neighborhoods in America. With 28.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.7% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Olney neighborhood, 45.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.0%), and 8.3% in government jobs, whether they are in local, state, or federal positions.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Olney neighborhood is English, spoken by 86.3% of households. Other important languages spoken here include Spanish, French, Vietnamese and Italian.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Olney neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Jamaican (10.8%). There are also a number of people of Puerto Rican ancestry (8.6%), and residents who report Asian roots (5.9%), and some of the residents are also of Dominican ancestry (3.2%), along with some Irish ancestry residents (3.1%), among others. In addition, 15.3% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Olney neighborhood spend between 45 minutes and one hour commuting one-way to work (30.4% of working residents), longer and tougher than most commutes in America.
Here most residents (49.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (24.0%) and 9.8% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.