Home prices
The median home in Old Orchard Beach costs $220,000. In comparison to its surrounding areas it is about $43,980 (16%) lower.In comparison to the country as a whole it is about $2,500 (1%) higher, and in comparison to the city of Boston it is roughly $312,700 (58%) lower.
Rents
Old Orchard Beach's median rent is $915 a month. Compared to its surrounding areas this is approximately $193 (17%) lower.In comparison to the US as a whole it is roughly $147 (13%) lower, and compared to the city of Boston is about $705 (43%) lower.
Nearby places
Saco
Saco is Old Orchard Beach's neighbor to the west. Real estate prices there are a bit more expensive. The median home cost in Saco is $258,900, which works out to $38,900 (15%) higher than Old Orchard Beach. Rent there is somewhat more expensive. The median monthly rent in Saco is $1,173, which comes out to $258 (21%) higher than Old Orchard Beach.
Biddeford
Biddeford is approximately 4 miles southwest of Old Orchard Beach. Its real estate prices are a bit more expensive. The price of the median home in Biddeford is $245,900, which works out to $25,900 (10%) higher than Old Orchard Beach. Its rents are pretty similar. In Biddeford the median rent is $929 a month, which is $14 (1%) higher than Old Orchard Beach.
Scarborough
Scarborough is about 5 miles northeast from Old Orchard Beach. The housing prices there are a bit more expensive. The median home in Scarborough is valued at $295,800, which works out to $75,800 (25%) higher than Old Orchard Beach. Rents there are a little more expensive. In Scarborough the median rent is $1,125 a month, which comes out to $210 (18%) higher than Old Orchard Beach.
South Portland
South Portland is about 8 miles northeast of Old Orchard Beach. The housing prices there are somewhat more expensive. The median home in South Portland costs $257,200, which is $37,200 (14%) higher than Old Orchard Beach. Rent there is somewhat more expensive. The median monthly rent in South Portland is $1,305, which is $390 (29%) higher than Old Orchard Beach.
Gorham
Gorham is approximately 10 miles north of Old Orchard Beach. The real estate prices there are a little more expensive. Gorham's median home value is $262,100, which is $42,100 (16%) higher than Old Orchard Beach. Rents there are somewhat more expensive. Gorham's median rent is $1,009 per month, which is $94 (9%) higher than Old Orchard Beach.
