Mechanic Falls, ME Real Estate
According to census data in the year 2000 there were 970 housing units in Mechanic Falls.
This represents a 4% growth from 933 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 970 were located in what is classified as a rural area.
Homeownership rate in Mechanic Falls is about 71%.
Mechanic Falls's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Mechanic Falls were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 8.50% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 41.20% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $79,100 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $404 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 63.30% |
| Debt Free | 20.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
