Old Orchard Beach, ME Real Estate
According to census data in the year 2000 there were 6,222 housing units in Old Orchard Beach.
This represents a 9.8% growth from 5,668 in 1990.
Of those housing units, 6,213 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in Old Orchard Beach is about 55.7%.
Old Orchard Beach's vacancy rate, including seasonal lodging, is about 31%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Old Orchard Beach were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 17.90% |
| Two Bedrooms | 45.70% |
| Three Bedrooms | 23.60% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $97,100 |
| Median Price asked for vacant units | $133,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $570 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 56.10% |
| Debt Free | 29.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
