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Preforeclosure Homes in Orono, ME 04473

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Living in Orono, ME

Orono, ME is a delightful town located near the University of Maine, offering residents access to a vibrant college atmosphere and a strong sense of community. With its beautiful natural surroundings and numerous recreational activities, Orono is perfect for outdoor enthusiasts and families alike. The town is well-connected to nearby cities, making it an excellent place to live, work, and play.

Current Market Conditions in Orono, ME

The real estate market in Orono is showing steady growth, with a mix of historic homes, new constructions, and investment properties appealing to a range of buyers. The proximity to the University of Maine and local amenities creates a strong demand for rental properties, particularly among students and professors, contributing to favorable market conditions for investors.

Current trends indicate a competitive market, with average home prices increasing over the past year. Buyers are attracted to the area due to its blend of lifestyle amenities and educational opportunities, making it a desirable location for long-term investment.

Home Value Estimator For Orono, ME

There are currently 1,708 real estate properties in Orono, ME, with a median automated valuation model (AVM) price of $333,008.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orono, 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 Orono, ME, is $355,121.00, with the most expensive house in Orono, ME, topping out at $6,665,406.00 and the cheapest home in Orono, ME, clocking in at $14,664.00. In other words, there’s something for every potential homebuyer or savvy investor in Orono, ME!

Rent Prices In Orono, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orono, ME, is on a rollercoaster ride. The average rent price in Orono, ME, is $1,582.00. Indeed, when looking to rent in Orono, ME, you can expect to pay as little as $1,030.00 or as much as $2,090.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Orono, 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.

Orono, ME 04473 Preforeclosure Homes


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