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Hallowell, ME Real Estate


According to census data in the year 2000 there were 1,243 housing units in Hallowell. This represents a 4.3% growth from 1,192 in 1990.

Of those housing units, 1,086 were located in either urbanized areas or urban clusters, and 157 were located in what is classified as a rural area.

Homeownership rate in Hallowell is about 57.6%. Hallowell's vacancy rate, including seasonal lodging, is about 7.9%. Average household size is 2.06 people.

The majority of houses, apartments or condos in Hallowell were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type4.80%
One Bedroom23.50%
Two Bedrooms29.60%
Three Bedrooms25.90%
Four Bedrooms11.70%
Five Bedrooms or more4.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1939
Median Value of occupied units$92,000

Rented Homes, Apartments and Condos

Average Household Size1.4
Median year structure was built1939
Median Monthly Rent asked for vacant units$461

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.40%
Home Equity Loan14.60%
Simple Mortgage51.50%
Debt Free30.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%