Nearest Airport: RONALD REAGAN WASHINGTON NATIONAL
Community Characteristics: Close to Military Facility(ies), Influenced by Local Colleges, Stable Population / Very Low Residential Turnover
Income Per Capita: $39,476
Average Household Expenditure: $81,175
As recently as a few decades ago, Maryland Routes 108 and 97 tended to be used predominantly by farmers taking their goods to the village of Olney. Today, these routes are major thoroughfares of what has become a thriving suburb. Olney real estate is home to such family-friendly neighborhoods as Olney Mill, Briars Acres, Norbeck Grove, and James Creek, as well as to a number of parks, including Olney Manor Park, Longwood Park, and Cherrywood Park. And the Sandy Spring Museum, the Olney Ale House, and the Olney Theatre are all popular area landmarks frequented by Olney real estate owners and visitors alike
This once rural area has grown into one of the Washington, D.C. area’s affluent, sophisticated suburbs. In 2007, the community was ranked in the top 20 of Money magazine’s best places to live, which naturally served to boost values of Olney real estate. In addition, the median household income and median house values in Olney are both above state averages. Finally, and perhaps most importantly, several excellent schools call Olney real estate home, like Brooke Grove Elementary School, a Blue Ribbon School of Excellence. As a result, many families and retirees choose to invest in Olney real estate. For more details on living in Olney, see the facts below.
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Resource: Long & Foster