Old Town, ME—04468
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Town, ME
As of Oct '25, the median home price in Old Town, ME is $245,000, with a year-over-year change of 5.1%. This indicates that home prices in Old Town, ME are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 5.1% |
| Single Family | $246,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 3.4% |
3 Bed | $252,000 | 4.1% |
4 Bed | $266,000 | 6.4% |
| 5 Bed | $289,000 | 7.4% |
% of Housing Stock
Rental Trends — Old Town, ME
As of July '25, Rentcast reports the average rent in Old Town, ME is $1,410, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Old Town, ME is studios: $1,040, 1-bedrooms: $1,060, 2-bedrooms: $1,420, 3-bedrooms: $1,600, 4-bedrooms: $2,450. The most common rental property sizes in Old Town, ME are 1-bedroom and 3-bedroom, accounting for 32.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,390 | $1,410 |
| Studio Rent | $1,000 | $1,040 |
| 1 Bed Rent | $1,070 | $1,060 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,800 | $1,600 |
| 4 Bed Rent | $2,200 | $2,450 |
% of Rental Stock
Property Listings — Old Town, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Town, ME is 70. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 62.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 1.0% |
Listing Count | 26 | 23.0% |
| Listings as % of Homes | 0.2% | 23.0% |
Days on Market | 70 | 9.0% |
Demographics — Old Town, ME
As of the latest ACS Survey released in 2023, Old Town, ME has a population of 9,160, which has remained stable by 0.1% over the past 5 years. Old Town, ME is a moderately popular place for families, as children make up 15.3% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,160 | 0.1% |
% Under 18 | 15.3% | -16.8% |
% Seniors | 17.1% | -0.6% |
% WFH | 20.0% | 669.2% |
% w/ College Degree | 33.2% | 20.3% |
As of the latest ACS Survey released in 2023, Old Town, ME is a predominantly white area, with 88.5% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Old Town, ME is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.6% of the population in Old Town, ME, and this percentage has decreased by 44.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.5% | 2.9% |
% Black | 0.7% | -12.5% |
% Hispanic | 1.8% | 260.0% |
% Asian | 0.4% | -66.7% |
% Foreign Born | 1.6% | -44.8% |
Mortgage and Risk — Old Town, ME
According to HUD data as of 2023, there were 148 mortgage originations in Old Town, ME, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Old Town, ME. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Old Town, ME
As of 2024, the percent of homes in Old Town, ME under the Section 8 program is 18.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Town, ME, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 349 |
Total Units Section 8 | 263 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,070 | $1,100 |
| 2 Bedroom | $10 | $1,400 | $1,410 |
| 3 Bedroom | $10 | $1,800 | $1,810 |
| 4 Bedroom | -$290 | $2,200 | $1,910 |
Affordability — Old Town, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $245,000 |
| Median Household Income | $51,100 |