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Affordable
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These days, finding an affordable place to live in the Orono area can be challenging. Home prices in Orono are now at a median cost of $282,318, lower than the Maine average of $330,167.
The average cost of rent is $1,430/mo in Orono, primarily driven by the current value of real estate in the Orono area. In Orono, 50.54% of households rent, and 60.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Orono is $5,595 per month. Households that rent pay about 25.56% of their income on rent here. Orono’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bradley, ME: less expensive homes
- Old Town, ME: less expensive homes
- Milford, ME: less expensive homes
- East Eddington, ME: less expensive homes
- Eddington, ME: less expensive homes
- Bangor, ME: less expensive homes
- Brewer, ME: equally priced homes
- Glenburn Center, ME: equally priced homes
- West Old Town, ME: less expensive homes
- Indian Island Penobscot Indian Reservation, ME: less expensive homes
Cities with Similar Populations
- New Oxford, PA: less expensive homes
- Montoursville, PA: less expensive homes
- Morrow, OH: higher priced homes
- Moulton, AL: less expensive homes
- Moundsville, WV: less expensive homes
- Mount Sinai, NY: higher priced homes
- Mount Vernon, IN: less expensive homes
- Mountain City, TN: less expensive homes
- Murphysboro, IL: less expensive homes
- Nappanee, IN: equally priced homes
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