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Olin

Learn about the people, housing, costs and businesses in Olin, Iowa

Median Home$229,900
Median Rent$777/month
Population751
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail17% arts, food & hospitality
Home Value Growth+9.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners76% of occupied units
NotableHighly Educated32% bachelor's · 21% graduate · top 6% nationally
Olin
IA

Frequently Asked Questions

What are today's mortgage rates in Olin?

As of today, the 30-year fixed mortgage rate for Olin is approximately 6.864% (6.899% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Olin?

The median home value in Olin is $230k. The median monthly rent is $777. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olin?

Home values in Olin have increased 9.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Olin?

Based on a typical all-in ownership cost of $972/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olin is $70k/year.

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What industries drive the economy in Olin?

The largest employment sectors in Olin are public administration (22%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.