Orono, ME Real Estate

According to census data in the year 2000 there were 2,486 housing units in Orono. This represents a 8.1% growth from 2,299 in 1990.

Of those housing units, 2,438 were located in either urbanized areas or urban clusters, and 48 were located in what is classified as a rural area.

Homeownership rate in Orono is about 43.5%. Orono's vacancy rate, including seasonal lodging, is about 5%. Average household size is 2.19 people.

The majority of houses, apartments or condos in Orono were built after 1957.


Housing Size

Housing Units by Size
Studio Type4.40%
One Bedroom20.60%
Two Bedrooms28.40%
Three Bedrooms28.40%
Four Bedrooms13.60%
Five Bedrooms or more4.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1951
Median Value of occupied units$109,700
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1964
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage7.90%
Home Equity Loan10.80%
Simple Mortgage53.10%
Debt Free27.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.1%