The housing market in Orono, ME is vibrant and growing. The median house value is currently at $266,200 which is lower than the US House median value of $338,100. While the US housing market has appreciated 8.27% in the last year, Orono residences have seen a 15.28% appreciation rate over the same period; this figure shows that Orono’s market is appreciating faster than the national average and is a sign of a healthy housing market in the area.
The median home cost in Orono is $266,200. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Orono is up 19.0%.
Average Age of Homes
- The median age of Orono real estate is 45 years old
The Rental Market in Orono
- Renters make up 50.4% of the Orono population
- 4.3% of houses and apartments in Orono, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.