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In Old Orchard Beach residents live in 4,294 "housing units" (houses, condos, rentals, etc.). According to the 2000 census, 56% of the housing in the town was owner-occupied.
As with most places, mortgages are a fact of life for home owners in Old Orchard Beach; 71% of houses there have a mortgage. If you're thinking about using a second mortgage or home equity loan on your place in the town, you're not alone. About 15% of home owners have done that.
Mortgage and interest rate quotes for the Old Orchard Beach area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 29% |
| With A Mortgage | 71% |
| First Mortgage Only | 56% |
| Second Mortgage or Home Equity Loan | 15% |
| Second Mortgage Only | 5% |
| Home Equity Loan Only | 10% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 20.5% |
| Median Real Estate Taxes (2000) | $1,787 |
| Category | Value |
|---|---|
| Total Occupied | 4,294 |
| 1-Person Households | 39% |
| 2-Person Households | 35% |
| 3-Person Households | 14% |
| 4-Person Households | 9% |
| 5-Person Households | 3% |
| 6-Person Households | 1% |
| 7+-Person Households | 0% |
| Category | Value |
|---|---|
| Median Year Built | 1977 |
| Median Year Built (Owner Occupied) | 1973 |
| Median Year Built (Renter Occupied) | 1980 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 2% |
| Using Bottled/Tank Gas Heat | 10% |
| Using Electric Heat | 9% |
| Using Oil Heat | 76% |
| Using Coal | 0% |
| Using Wood Heating | 2% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 7% |
| 2 Bedrooms | 39% |
| 3 Bedrooms | 41% |
| 4 Bedrooms | 10% |
| 5+ Bedrooms | 2% |
Rate quotes from multiple lenders for the Old Orchard Beach area:
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