Zip 04473 (Orono, ME) Housing

The housing market in 04473 Orono, ME is strong with a median value of $274,900. Compared to the US median home value of $338,100, it is considerably more affordable. The rate of appreciation of homes in this area has also been higher than the national average over the past year at 15.28%, compared to 8.27% for the entire US. This high rate of appreciation suggests that the housing market here could be quite profitable for buyers and sellers alike.

The median home cost in Orono (zip 04473) is $274,900. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Orono (zip 04473) is up 19.0%.

Average Age of Homes

- The median age of Orono (zip 04473) real estate is 45 years old

The Rental Market in Orono (zip 04473)

- Renters make up 50.4% of the Orono (zip 04473) population
- 4.3% of houses and apartments in Orono (zip 04473), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Orono, Maine	United States
	3,997.0	139,647,020.0
	43	42
	$274,900	$338,100
	19.0%	16.6%
	68.7%	57.0%
	79.9%	101.1%
	$14.28	$10.98
	$3,872	$2,690
	43.8%	57.4%
	13.3%	11.2%
	42.9%	31.4%
Vacant Housing
	4.3%	1.9%
	2.3%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	1.9%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	1.3%	2.4%
	0.3%	2.8%
	3.3%	3.9%
	4.7%	4.5%
	15.7%	11.3%
	30.2%	13.0%
	27.4%	20.1%
	7.9%	13.6%
	5.5%	8.3%
	2.3%	9.7%
	0.0%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.1%	13.6%
	14.1%	13.6%
	9.5%	13.6%
	17.7%	13.2%
	9.8%	14.8%
	9.5%	13.6%
	10.1%	10.0%
	3.1%	4.7%
	21.0%	12.2%

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