Home prices
The median home in Orono is valued at $172,800. Compared to its nearby areas this is roughly $14,480 (9%) higher.It is about $44,700 (20%) lower in comparison to the rest of the nation, and in comparison to the city of Bangor it is about $15,800 (10%) higher.
Rents
The median monthly rent in Orono is $907. It is approximately $86 (10%) higher compared to nearby areas.Compared to the country as a whole it is about $155 (14%) lower, and compared to the city of Bangor it is about $91 (11%) higher.
Nearby places
Old Town
Old Town is Orono's neighbor to the northwest. The real estate prices there are somewhat less expensive. The cost of the median home in Old Town is $135,700, which comes out to $37,100 (27%) lower than Orono. The rent there is somewhat less expensive. In Old Town the median monthly rent is $762, which comes out to $145 (19%) lower than Orono.
Milford
Milford is approximately 4 miles northeast from Orono. Real estate prices there are a lot less expensive. The cost of the median home in Milford is $110,800, which comes out to $62,000 (55%) lower than Orono. The rent there is pretty similar. In Milford the median monthly rent is $901, which is very similar to Orono.
Brewer
Brewer is roughly 6 miles south from Orono. The real estate prices there are somewhat less expensive. Brewer's median home cost is $162,100, which comes out to $10,700 (6%) lower than Orono. Its rents are pretty similar. Brewer's median rent is $865 a month, which comes out to $42 (4%) lower than Orono.
Hampden
Hampden is about 10 miles southwest of Orono. The real estate prices there are a bit more expensive. Hampden's median home price is $210,500, which works out to $37,700 (17%) higher than Orono. The rent there is similar. The median monthly rent in Hampden is $869, which comes out to $38 (4%) lower than Orono.
Winterport
Winterport is about 16 miles southwest of Orono. Its housing prices are similar. The median home value in Winterport is $172,500, which is very similar to Orono. Its rents are a little less expensive. In Winterport the median rent is $706 a month, which is $201 (28%) lower than Orono.
