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Olympia Fields

Learn about the people, housing, costs and businesses in Olympia Fields, Illinois

Median Home$311,852
Median Rent$3,166/month
Population4,429
Leading IndustriesProfessional Services · Finance & Insurance · Education5% professional services
Home Value Growth+7.8% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners86% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score78/100 · highly walkable area
Olympia Fields
IL

Frequently Asked Questions

What are today's mortgage rates in Olympia Fields?

As of today, the 30-year fixed mortgage rate for Olympia Fields is approximately 6.936% (6.943% 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 Olympia Fields?

The median home value in Olympia Fields is $312k. The median monthly rent is $3,166. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olympia Fields?

Home values in Olympia Fields have increased 7.8% 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 Olympia Fields?

Based on a typical all-in ownership cost of $2,228/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olympia Fields is $105k/year.

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What industries drive the economy in Olympia Fields?

The largest employment sectors in Olympia Fields are public administration (27%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.