Median real estate price in the Town Center of Orono is $149,945, which is more expensive than 40.6% of the neighborhoods in Maine and 37.5% of the neighborhoods in the U.S.
The average rental price in Orono Town Center is currently $1,245, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.3% of the neighborhoods in Maine.
Orono Town Center is a suburban neighborhood (based on population density) located in Orono, Maine.
Real estate in the Town Center of Orono, ME is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Town Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Orono Town Center has a 13.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.