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Maine Real Estate


According to census data in the year 2000 there were 651,901 housing units in Maine. This represents a 11% from 587,045 in 1990.

Of those housing units, 238,631 were located in either urbanized areas or urban clusters, and 413,270 were located in what is classified as a rural area.

Homeownership rate in Maine is about 71.6%. Maine's vacancy rate, including seasonal lodging, is about 20.5%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Maine were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type1.8%
One Bedroom12.8%
Two Bedrooms31.8%
Three Bedrooms36.9%
Four Bedrooms13%
Five Bedrooms or more3.6%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1971
Median Value of occupied units$98,700
Median Price asked for vacant units$67,600

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1956
Median Monthly Rent asked for vacant units$413

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage5.5%
Home Equity Loan10.7%
Simple Mortgage49.9%
Debt Free33.6%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.7%

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