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Foreclosure Homes in Old Orchard Beach, ME

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Michaud-ave-Old-orchard-beach-ME-04064
Preforeclosure
$371,620 EMV

Michaud Ave
Old Orchard Beach, ME 04064

2 Bed | 1 Bath | 2,244 Sq. Ft.

Saco-ave-#-3-Old-orchard-beach-ME-04064
Preforeclosure

Saco Ave # 3
Old Orchard Beach, ME 04064

3 Bed | 3 Bath | 1,498 Sq. Ft.

Fern-ave-Old-orchard-beach-ME-04064
Bankruptcy

Fern Ave
Old Orchard Beach, ME 04064

Saco-ave-apt-10-Old-orchard-beach-ME-04064
Bankruptcy

Saco Ave Apt 10
Old Orchard Beach, ME 04064

Oregon-ave-apt-207-Old-orchard-beach-ME-04064
Bankruptcy
$165,000 EMV

Oregon Ave Apt 207
Old Orchard Beach, ME 04064

40 Temple-avenue-Old-orchard-beach-ME-04064
As-Is Deal
$550,000 List Price

Temple Avenue
Old Orchard Beach, ME 04064

5 Bed | 3 Bath

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Home Value Estimator For Old Orchard Beach, ME

There are currently 5,764 real estate properties in Old Orchard Beach, ME, with a median automated valuation model (AVM) price of $323,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Old Orchard Beach, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Old Orchard Beach, ME, is $341,681.00, with the most expensive house in Old Orchard Beach, ME, topping out at $3,637,300.00 and the cheapest home in Old Orchard Beach, ME, clocking in at $50,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Old Orchard Beach, ME!


Rent Prices In Old Orchard Beach, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Old Orchard Beach, ME, is on a rollercoaster ride. The average rent price in Old Orchard Beach, ME, is $1,369.00. Indeed, when looking to rent in Old Orchard Beach, ME, you can expect to pay as little as $870.00 or as much as $2,760.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Old Orchard Beach, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Old Orchard Beach, ME

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Old Orchard Beach, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Old Orchard Beach, ME and much more. Save thousands at closing with home foreclosure listings in Old Orchard Beach, ME — up to 75% off market value!


Top Reasons To Live In Old Orchard Beach, ME In 2021

Old Orchard Beach is located in York, Maine, with an estimated municipal population of 8,862 residents. All of the best foreclosed homes for sale in Old Orchard Beach are located in the following zip code areas on Foreclosure.com: 04063 04064. The estimated population per square kilometer (.62 miles) in Old Orchard Beach is 460.


Cost Of Living In Old Orchard Beach, ME

So, about how much do homes cost in Old Orchard Beach? The most recent median value of resident-owned homes in Old Orchard Beach is 220,395. An estimated 67.7 percent of households in Old Orchard Beach own their homes, with an average family size of 2.47. The median household income in Old Orchard Beach is 58,080, with24.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Old Orchard Beach, the median commute time of resident workers (in minutes) is 29.9. And last, but certainly not least, are you looking for homes to rent in Old Orchard Beach? If so, the average rent price paid by renters in Old Orchard Beach is 915, according to recent statistics.


Diversity And Demographics In Old Orchard Beach, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Old Orchard Beach, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Old Orchard Beach is 53.4, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Old Orchard Beach is 43.4, with an average family size of 2.47.

The percentage of residents who report their race in Old Orchard Beach is as follows:

White 94.6%
Black / African American 0.3%
Asian 0.4%
American Indian / Alaskan Native 3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 0.1%

Looking for family-friendly neighborhoods in and/or near Old Orchard Beach? Or maybe you are searching for 55+ active adult communities in and/or near Old Orchard Beach?

The percentage of residents who report their age in Old Orchard Beach is as follows:

Under 10 3.8%
Aged 10-19 6.4%
20s 10.8%
30s 9.8%
40s 12.4%
50s 21.1%
60s 19.7%
70s 8.9%
80+ 7%

Best Schools In Old Orchard Beach, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Old Orchard Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Old Orchard Beach.


Pros And Cons Of Living In Old Orchard Beach, Maine

How do you know that living in -- or moving to -- Old Orchard Beach is right where you need to be? Perhaps you grew up in Old Orchard Beach or already live nearby; therefore, the decision to buy a home in Old Orchard Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Old Orchard Beach for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Old Orchard Beach:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Old Orchard Beach.


Reasons To Move To Old Orchard Beach, Maine, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Old Orchard Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Old Orchard Beach, meanwhile, can field multiple offers from more qualified buyers.

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