Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Old Orchard Beach,
the Town Center neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Old Orchard Beach Town Center is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition to being coastal, Old Orchard Beach Town Center is a very nautical neighborhood,
meaning that it is somewhat historic, walkable, densely populated and
on the water. This gives the neighborhood a very nautical feel,
with some seaside and shipping feel, which some may really enjoy the sights
and sounds of.
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 47.9% of the residential real estate vacant, the Old Orchard Beach Town Center neighborhood claims the distinction of having a higher vacancy rate than 98.3% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Notable & Unique: Diversity
Did you know that the Old Orchard Beach Town Center neighborhood has more
Scottish and Canadian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 9.2% of
this neighborhood's residents have Scottish ancestry and 2.4% have Canadian ancestry.
Old Orchard Beach Town Center is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 98.5% of the neighborhoods in America.
Notable & Unique: People
Astoundingly, the Town Center neighborhood has one of the highest
concentrations of divorcees living here than of any neighborhood, a
higher concentration than NeighborhoodScout found in 99.4%
of U.S. neighborhoods. This may be because people living here divorce
more often than others, or that divorced people move here after they
become divorced. If you are divorced, you will be in good company in
this particular Old Orchard Beach neighborhood.
In addition, for many reasons, Old Orchard Beach Town Center is rated by NeighborhoodScout
as one of the top 4.8% of ideal neighborhoods for first-time
home buyers in the state of Maine. Homes here are priced below
median housing values in the state, yet the neighborhood has a track
record according to NeighborhoodScout's exclusive neighborhood home
appreciation rates of above average real estate appreciation over the
last five years compared to other ME neighborhoods, protecting
your investment in your first home, while simultaneously making it
less risky for your lender. Not only does this neighborhood stand out
for combining price and home value stability or increases, it also is
a neighborhood with a high quality resident population according exclusive
data, meaning this is likely a good place to buy, live, and enjoy. While
many first time home buyers focus purely on low cost and convenient location,
which can risk your investment in your first home and put you in a less
than desirable neighborhood, this neighborhood is a true standout for
a lot of reasons, and definitely worth a look if you are a first time home buyer.
Notable & Unique: Migration / Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
In the Old Orchard Beach Town Center neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 97.4% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.