What percentage of people rent in Old Town, ME?

40.7% (±6.6 points) of the occupied homes in Old Town, ME are rented (2020–2024 American Community Survey).

That is 1,300 renting households against 1,892 that own their home.

In Old Town, the share of households that rent went from 37.3% in 2015–2019 to 40.7% in 2020–2024 (+3.4 percentage points), not a measurable change.

Figures last updated on .

Households that rent
40.7% (±6.6 points)
Renting households
1,300 (±232)
Median renter income
$33,713 (±$4,803)

Who rents and who owns in Old Town

Tenure, estimate (90% margin of error)
Old TownPenobscot CountyMaineUnited States
Renter-occupied share40.7% (±6.6 points)29.5% (±1.4 points)25.7% (±0.4 points)34.8%
Renting households1,300 (±232)19,211 (±946)153,586 (±2,467)45,017,354
Owning households1,892 (±265)46,010 (±969)443,573 (±3,445)84,210,142
Average renter household size2.4 (±0.4)2.0 (±0.1)1.9 (±0.0)2.3
Average owner household size2.3 (±0.2)2.4 (±0.0)2.4 (±0.0)2.6
Median renter household income$33,713 (±$4,803)$38,518 (±$2,423)$44,257 (±$1,278)$52,966
Median owner household income$81,701 (±$30,869)$81,825 (±$3,359)$88,635 (±$995)$100,009

In Old Town, the renter share is higher than in Penobscot County (29.5%).

It is also higher than in Maine (25.7%).

It is not measurably different from the national figure (34.8%).

In Penobscot County, Old Town ranks 3 of 58 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 19 of 482.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Old Town has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent37.3% (±4.8 points)40.7% (±6.6 points)+3.4 percentage pointsNot a measurable change
Median gross rent$762 (±$49)$989 (±$100)+29.8%No measurable change after inflation
Median household income$42,679 (±$6,185)$51,585 (±$9,734)+20.9%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Old Town

Nearest places with a published estimate, compared with Old Town
PlaceDistanceHouseholds that rentCompared with this place
Old Town—40.7% (±6.6 points)—
Orono5.0 mi53.4% (±4.7 points)Higher
Milford (community)5.3 mi11.6% (±7.9 points)Lower
Orono (community)5.8 mi58.3% (±4.9 points)Higher
Alton6.4 mi16.5% (±7.3 points)Lower
Glenburn6.7 mi18.3% (±8.2 points)Lower
Veazie (community)7.5 mi27.9% (±9.1 points)Lower
Veazie7.5 mi27.9% (±9.1 points)Lower
Hudson7.7 mi7.6% (±5.4 points)Lower

Nearby places with a measurably lower figure: Milford (community), ME (11.6%), Alton, ME (16.5%), Glenburn, ME (18.3%).

Nearby places with a measurably higher figure: Orono, ME (53.4%), Orono (community), ME (58.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Penobscot County, place by place

RankPlaceHouseholds that rent
1Orono53.4% (±4.7 points)
2Bangor52.8% (±3.2 points)
3Old Town40.7% (±6.6 points)
4Brewer40.3% (±5.6 points)
5Dexter33.7% (±8.4 points)
6Veazie27.9% (±9.1 points)
7Newport27.7% (±7.8 points)
8Lagrange27.5% (±10.8 points)
9Lincoln27.4% (±10.8 points)

Showing 9 of 58 places in Penobscot County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Old Town

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Questions about Old Town

How many renters are there in Old Town?

Old Town has an estimated 1,300 (±232) renting households, 40.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Old Town?

In Old Town, the share of households that rent went from 37.3% in 2015–2019 to 40.7% in 2020–2024 (+3.4 percentage points), not a measurable change.

How big are renting households in Old Town?

A renting household in Old Town has 2.4 people on average, against 2.3 in an owned home.

How much do renters earn in Old Town?

The median renting household in Old Town, ME has an income of $33,713 (±$4,803) a year, against $81,701 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Old Town city, Maine (place:55225, in state:23).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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