Olney, TX

View of Olney, TX
Image credit: Renelibrary / CC BY-SA 4.0
Population
3,000
U.S. Census Population Estimates Program · 2025
Elevation
1,183 ft
Median Home Value
$95,100
U.S. Census American Community Survey 5-Year · 2024
Median Rent
$439/mo
U.S. Census American Community Survey 5-Year · 2024
Median Income
$36,250
U.S. Census American Community Survey 5-Year · 2024

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Olney in context.

About Olney

Olney sits in North Central Young County at the meeting of State Highways 114 and 79, a city whose map carries both oil-field and aviation history. The community moved to its present site when rail service arrived in 1909–10, then became an oil town after the Swastika Pool discovery in 1924. A 1951 tornado killed two people, injured seventy-five, and left a mark still carried in local history. At Olney Municipal Airport, Air Tractor has manufactured agricultural aircraft in Olney since 1972. The airport gives the city a connection to farm country that reaches well beyond Young County. City streets, the old oil story, and planes built outside town make Olney read as a small Texas city with a long memory and a very specific industrial calling.

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