Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.5 yrs |
|---|---|
| Avg HH Size | 2.31 |
| Below Poverty | 18.7% ▲ 87% above avg |
| College Grads | 45.5% ▲ 17% above avg |
| Unemployment | 2.6% ▼ 47% below avg |
| No HS Diploma | 14 (0.2%) |
| HS Graduate | 2,157 (32.9%) |
| Some College | 765 (11.7%) |
| Associates | 634 (9.7%) |
| Bachelors | 755 (11.5%) |
| Graduate Degree | 2,222 (33.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,063 ▼ 33% below avg |
|---|---|
| Median Home Value | $182,200 ▼ 35% below avg |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Median Rent | $980/mo |
| Total Housing Units | 4,664 |
| Vacant Units | 704 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Old Town is a city in Maine, located in Penobscot County. The city spans 1 ZIP code and is home to approximately 9,163 residents. It is a middle-aged city, with a median age of 40.5 years.
Economically, Old Town is a working-class community. The median household income of $51,063 is below the national average. Approximately 18.7% of residents live below the poverty line. The unemployment rate is 2.6%, below the national average.
The real estate market in Old Town is an affordable housing market. Median home values stand at $182,200, which is below the national average. Renters typically pay around $980 per month. Homeownership is high at 64.1%, typical of suburban and family-oriented communities.
The population of Old Town is well-educated. 45.5% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (88.48%).
Old Town, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04468 | 9,163 | $51,063 | $182,200 | $980 | 2.6% | 45.5% | 64.1% |