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 Type | 4.80% |
| One Bedroom | 23.50% |
| Two Bedrooms | 29.60% |
| Three Bedrooms | 25.90% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $92,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.4 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $461 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 14.60% |
| Simple Mortgage | 51.50% |
| Debt Free | 30.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
