There are currently 2,632 real estate properties in Old Town, ME, with a median automated valuation model (AVM) price of $173,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Old Town, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Old Town, ME, is $188,434.00, with the most expensive house in Old Town, ME, topping out at $629,400.00 and the cheapest home in Old Town, ME, clocking in at $19,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Old Town, ME!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Old Town, ME, is on a rollercoaster ride. The average rent price in Old Town, ME, is $1,091.00. Indeed, when looking to rent in Old Town, ME, you can expect to pay as little as $590.00 or as much as $1,580.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Old Town, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Old Town, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Old Town, ME and much more. Save thousands at closing with home foreclosure listings in Old Town, ME — up to 75% off market value!
Old Town is located in Penobscot, Maine, with an estimated municipal population of 7,431 residents. All of the best foreclosed homes for sale in Old Town are located in the following zip code areas on Foreclosure.com: 04468 04489. The estimated population per square kilometer (.62 miles) in Old Town is 73.
So, about how much do homes cost in Old Town? The most recent median value of resident-owned homes in Old Town is 135,095. An estimated 62.7 percent of households in Old Town own their homes, with an average family size of 2.79. The median household income in Old Town is 42,679, with14.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Old Town, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in Old Town? If so, the average rent price paid by renters in Old Town is 762, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Old Town, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Old Town is 36.3, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Old Town is 41.6, with an average family size of 2.79.
The percentage of residents who report their race in Old Town is as follows:
|Black / African American||0.7%|
|American Indian / Alaskan Native||1.8%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Old Town? Or maybe you are searching for 55+ active adult communities in and/or near Old Town?
The percentage of residents who report their age in Old Town is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Old Town with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Old Town.
How do you know that living in -- or moving to -- Old Town is right where you need to be? Perhaps you grew up in Old Town or already live nearby; therefore, the decision to buy a home in Old Town is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Old Town for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Old Town:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Old Town.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Old Town can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Old Town, meanwhile, can field multiple offers from more qualified buyers.
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