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 Units by Size|
|Five Bedrooms or more||4.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1951|
|Median Value of occupied units||$109,700|
|Median Price asked for vacant units||$55,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.99|
|Median year structure was built||1964|
|Median Monthly Rent asked for vacant units||$425|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||10.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.1%|