What is the population of Olney city?

Olney city has 3,011 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #577 of 1,863 in Texas.

What is the median household income in Olney city?

Median household income in Olney city is $39,231 a year, 50% below the national figure of $78,538.

How much does it cost to rent or buy in Olney city?

Median gross rent is $436 a month and the median home value is $92,200, so rent absorbs about 13.3% of median household income.

Is Olney city affordable compared with the rest of the US?

Homes cost about 2.4× the local median income here versus roughly 3.9× nationally, so Olney city is more affordable to buy in than the typical US market, and rent takes 13.3% of median income against the 30% cost-burden line.

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Texas · Census place 54000

Olney, TX population, income and ZIP codes

Quick answer

The population of the city of Olney, Texas (Olney, TX — Census place “Olney city”) is 3,011 residents, ranking #577 of 1863 places in Texas. Median household income is $39,231, the median home is worth $92,200 and median gross rent runs $436 a month. Looking for the Olney Texas ZIP code list? 1 ZIP codes serve Olney, TX: 76374.

Population: 3,011Olney city residents
Median household income: $39,231Past 12 months, inflation adjusted
Median home value: $92,200Owner-occupied units
Median gross rent: $436Rent plus utilities, monthly
Median age: 36.2 yrsAll residents
Homeownership rate: 65.7%Owner-occupied households

Olney ZIP codes (Texas)

Census ZCTAs whose delivery area overlaps Olney.

The Olney TX ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

76374

What the numbers mean in Olney city

Housing cost measured against local earnings.

A household earning the Olney city median would spend about 13.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.9% of residents and 65.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Olney city, TX in context

How this area compares with national benchmarks.

Olney city is a small town in Texas, with 3,011 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #577 of 1,863 ranked by population — larger than 69% of them. The median age here is 36.2 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Olney city earn a median of $39,231 a year, 50% below the national figure of $78,538 and 39% below the $64,654 median for the 1,008 Texas cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 24.9% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Olney city is valued at $92,200, 69.6% below the national figure and 49% below the $179,100 peer median, while median gross rent runs $436 a month, 69% below the national figure, or roughly $5,232 across a full year. A household on the local median income would put about 13.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.4×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 65.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Texas.

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Frequently asked questions

Common questions about this area.

What is the population of Olney city?: Olney city has 3,011 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #577 of 1,863 in Texas.
What is the median household income in Olney city?: Median household income in Olney city is $39,231 a year, 50% below the national figure of $78,538.
How much does it cost to rent or buy in Olney city?: Median gross rent is $436 a month and the median home value is $92,200, so rent absorbs about 13.3% of median household income.
Is Olney city affordable compared with the rest of the US?: Homes cost about 2.4× the local median income here versus roughly 3.9× nationally, so Olney city is more affordable to buy in than the typical US market, and rent takes 13.3% of median income against the 30% cost-burden line.
How current is this Olney city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.