Old Orchard Beach, ME—04064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Orchard Beach, ME
As of Oct '25, the median home price in Old Orchard Beach, ME is $496,000, with a year-over-year change of 0.8%. This indicates that home prices in Old Orchard Beach, ME are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $496,000 | 0.8% |
| Single Family | $535,000 | -0.7% |
| Condos | $450,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $302,000 | -1.9% |
2 Bed | $427,000 | 0.9% |
3 Bed | $549,000 | 0.9% |
4 Bed | $626,000 | -1.3% |
| 5 Bed | $886,000 | -1.7% |
% of Housing Stock
Rental Trends — Old Orchard Beach, ME
As of July '25, Rentcast reports the average rent in Old Orchard Beach, ME is $2,240, with a year-over-year rent change of -33.5%. Per bedroom, the median rent as of July '25 in Old Orchard Beach, ME is studios: $1,350, 1-bedrooms: $1,540, 2-bedrooms: $2,230, 3-bedrooms: $2,820, 4-bedrooms: $3,670. The most common rental property sizes in Old Orchard Beach, ME are 2-bedroom and 1-bedroom, accounting for 51.6% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,240 |
| Studio Rent | $1,250 | $1,350 |
| 1 Bed Rent | $1,550 | $1,540 |
| 2 Bed Rent | $2,200 | $2,230 |
| 3 Bed Rent | $2,700 | $2,820 |
| 4 Bed Rent | $3,600 | $3,670 |
% of Rental Stock
Property Listings — Old Orchard Beach, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Orchard Beach, ME is 54. This is a increase of 28.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $570,000 | 4.0% |
Listing Count | 78 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 54 | 28.0% |
Demographics — Old Orchard Beach, ME
As of the latest ACS Survey released in 2023, Old Orchard Beach, ME has a population of 8,580, which has increased by 3.1% over the past 5 years. Old Orchard Beach, ME is a less popular place for families, as children make up 7.4% of the population. The area has a moderately educated workforce, with 40.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,580 | 3.1% |
% Under 18 | 7.4% | -19.6% |
% Seniors | 26.5% | 7.3% |
% WFH | 10.9% | 47.3% |
% w/ College Degree | 40.2% | 24.8% |
As of the latest ACS Survey released in 2023, Old Orchard Beach, ME is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Old Orchard Beach, ME is hispanic, making up 3.1% of the population. Foreign-born residents account for 6.2% of the population in Old Orchard Beach, ME, and this percentage has increased by 87.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.1% | -3.0% |
% Black | 1.3% | 8.3% |
% Hispanic | 3.1% | 181.8% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 6.2% | 87.9% |
Mortgage and Risk — Old Orchard Beach, ME
According to HUD data as of 2023, there were 261 mortgage originations in Old Orchard Beach, ME, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Old Orchard Beach, ME. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 6.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Old Orchard Beach, ME
As of 2024, the percent of homes in Old Orchard Beach, ME under the Section 8 program is 14.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Old Orchard Beach, ME, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 233 |
Total Units Section 8 | 233 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,550 | $1,370 |
| 2 Bedroom | -$440 | $2,200 | $1,760 |
| 3 Bedroom | -$520 | $2,700 | $2,180 |
| 4 Bedroom | -$1,130 | $3,600 | $2,470 |
Affordability — Old Orchard Beach, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $496,000 |
| Median Household Income | $66,700 |