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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.40% |
| One Bedroom | 20.60% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 28.40% |
| Four Bedrooms | 13.60% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 53.10% |
| Debt Free | 27.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
