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Overview
The District of Olten is an area that is becoming increasingly popular with residents. In the last 3 years, the number of residents has risen to 56,909 inhabitants, which equates to a population increase of 2.2%.
Demographic data
Average income totals CHF 69,505.
14.1% of the population have a university degree, 15.68% have completed higher vocational training, 46.31% have an SEK II qualification (school-leaving certificate or apprenticeship), 23.72% of residents are currently in compulsory education and 0.19% of the population did not indicate their highest educational qualification.
The residential area is prestigious due to its high social standards and educated population.
Approximately 1.36% of the population is currently unemployed.
Taxes
The total rate of taxation in the region is 14.28%. Factors such as income, marital status and the amount of deductions are used to calculate the tax rate.
In the District of Olten, a married couple on a pension (over 65) pays an average of 17.51% tax, a married couple with two children 10.37% and a childless couple 13.39%. The tax burden for a childless, single person is 19%.
The overall property market
New construction
With a total of 1,155 apartments, the District of Olten has seen new housing constructed over the past 5 years.
Of these new apartments, a total of 35 apartments have exactly one room to live in.
In addition to apartments that had already been built, 284 new 2-room apartments have been created.
Additionally, 339 3-room apartments and 274 4-room apartments have been built.
Furthermore, the number of large apartments on offer includes 139 5-room apartments and 84 apartments with a minimum of 6 rooms.
Housing stock
Thanks to the newly built dwellings, the housing stock in the District of Olten has expanded and there are now a total of 29,565 apartments.
One-room properties make up a total of 1,258 apartments in the region.
In terms of medium-sized to large apartments, the housing supply comprises 7,840 apartments with 2 rooms, 8,730 3-room apartments and 5,196 with 4 rooms.
Finally, the stock of 5-room properties includes 5,196 apartments, and there are also 3,082 large apartments with a minimum of 6 rooms.
Vacant apartments
2.8% of apartments in the District of Olten are empty.
Of this figure, 4.22% of 1-room apartments,
4.58% of apartments with 2 rooms,
3.87% of the 3-room apartments,
2.57% of all 4-room apartments
and 1.06% of the 5-room apartments are presently unoccupied.
The rate of vacancy is 1.05% for apartments with more than 5 rooms and 1.04% for apartments with more than 6 rooms.
Housing market (rental only)
The average rent for rental properties is CHF 1,380 per month.
25% of all available rents are below a monthly rent of CHF 1,165, or they are equal to this amount (25th percentile).
Finally, 75% of monthly rents are lower than CHF 1,590, or are equivalent to this amount.
Cities of Region Olten
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