Cheap Homes in Old Town, ME

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View this home at Union St Bangor ME 04401
$54,900 List Price

6 Bed | 2 Bath | 1,512 Sq. Ft.

1 View this home at Railroad Ave Dexter ME 04930
$15,000 List Price
View this home at Spring Bridge Rd Greenbush ME 04418
$40,000 EMV

| 0 Sq. Ft.

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Top Reasons To Live In Old Town, ME In 2024

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 04468 04489. The estimated population per square kilometer (.62 miles) in Old Town is 73.

Cost Of Living In Old Town, ME

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.

Diversity And Demographics In Old Town, Maine

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:

White 92.3%
Black / African American 0.7%
Asian 1%
American Indian / Alaskan Native 1.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.2%
Other 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:

Under 10 12.9%
Aged 10-19 6.9%
20s 20.4%
30s 14%
40s 11.5%
50s 10.2%
60s 14.8%
70s 5.5%
80+ 4%

Best Schools In Old Town, Maine

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.

Pros And Cons Of Living In Old Town, Maine

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:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

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.

Reasons To Move To Old Town, Maine, In 2024

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.

Cheap Homes in Old Town, ME


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