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Old

Learn about the people, housing, costs and businesses in Old, Maine

Median Home$224,650
Median Rent$994/month
Population7,470
Leading IndustryPublic Administration43% of local workforce
Home Value Growth⬆⬆⬆+32.5% over 2 years
Young Adults33% of residentswell above average
Homeowners59% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Old Town
ME

Frequently Asked Questions

What are today's mortgage rates in Old?

As of today, the 30-year fixed mortgage rate for Old is approximately 7.008% (7.048% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Old?

The median home value in Old is $225k. The median monthly rent is $994. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old?

Home values in Old have increased 32.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Old?

Based on a typical all-in ownership cost of $1,027/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old is $54k/year.

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What industries drive the economy in Old?

The largest employment sectors in Old are public administration (43%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.