HomeMainePenobscot CountyOld Town
Old Town, Maine: commercial real estate data.
Old Town is a Census city of 7,470 people across 38.81 square miles of land, in Penobscot County. Median household income is $51,585, 59.3 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Old Town
What Old Town is
- Census place typecity
- Land area38.81 sq mi
- Water area4.43 sq mi
- Population per square mile of land192
- County holding the largest share of its areaPenobscot County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Old Town
How many people live in Old Town
- Population7,470
- Median age37.0
- Population under 181,630
- Share under 1821.8 percent
- Population 65 and over1,259 plus or minus 263
- Share 65 and over16.9 percent plus or minus 3.5
- Households3,192
- Family households1,737
- Share of households that are families54.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Old Town
Income and work in Old Town
- Median household income$51,585
- Per capita income$32,781
- Civilian labor force3,978
- Employed3,907
- Unemployed71 plus or minus 55
- Unemployment rate1.8 percent plus or minus 1.4
- Adults 25 and over5,158
- Adults 25 and over with a high school diploma or higher98.7 percent
- Adults 25 and over with a bachelor degree or higher36.8 percent plus or minus 10.2
- Adults 25 and over with a graduate degree20.7 percent plus or minus 8.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Old Town
Housing in Old Town
- Housing units3,676
- Occupied units3,192
- Vacant units484 plus or minus 195
- Vacancy rate13.2 percent plus or minus 5.1
- Owner occupied1,892
- Renter occupied1,300
- Ownership rate59.3 percent
- Median owner-occupied home value$208,100
- Median gross rent, monthly$989
- Annual rent as a share of median income23.0 percent plus or minus 4.9
- Single family units2,216
- Share single family60.3 percent
- Units in buildings of two or more1,196 plus or minus 279
- Share in buildings of two or more32.5 percent plus or minus 6.8
- Mobile homes264 plus or minus 104
- Median year structure built1963
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Old Town
How Old Town gets to work
- Workers 16 and over who commute2,986
- Commuting under 15 minutes1,014 plus or minus 289
- Share commuting under 15 minutes34.0 percent plus or minus 7.8
- Commuting 30 minutes or more680 plus or minus 355
- Share commuting 30 minutes or more22.8 percent plus or minus 11.2
- Drove alone62.4 percent
- Carpooled11.4 percent plus or minus 5.6
- Public transport0.5 percent plus or minus 0.7
- Walked3.2 percent plus or minus 2.9
- Worked from home21.4 percent plus or minus 11.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Old Town
SBA loans in Old Town (7(a))
- Approvals10
- Gross approval$2,294,900
- Average approval$229,490
- Median approval$84,950
- Largest approval$1,000,000
- Jobs supported160
- Jobs per approval16.0
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more10.0 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS9
Counted by borrower city: approvals to borrowers whose address is in Old Town, in any county, FY2020 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Old Town
SBA loans in Old Town (504)
- Approvals1
- Gross approval$341,000
- Average approval$341,000
- Median approval$341,000
- Largest approval$341,000
- Jobs supported16
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Old Town, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Old Town
Flood risk in Old Town
- NFIP communityCity of Old Town
- NFIP community number230112
- Participating in the NFIPYes
- Community Rating System classClass 10
- Currently effective map date07/19/23
The City of Old Town participates in the National Flood Insurance Program as community 230112 and carries Community Rating System class 10, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Penobscot County, not Old Town
Penobscot County context, not Old Town figures
- Establishments in Penobscot County4,222
- Covered employment, Penobscot County71,983
- Average annual pay, Penobscot County$55,593
- Housing units permitted, Penobscot County450
Every figure in this section is published for Penobscot County as a whole and is not a measurement of Old Town.
All Penobscot County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Old Town questions, answered from the record.
How many people live in Old Town, Maine?
7,470, in 3,192 households. Old Town city covers 38.81 square miles of land, which is 192 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Old Town in?
Penobscot County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Old Town?
$51,585. The median owner-occupied home is valued at $208,100. Median gross rent is $989 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Old Town businesses?
10 7(a) approvals totaling $2.3 m since FY2020, across 5 lenders, median approval $84,950, plus 1 504 approvals worth $341,000 since FY2010. These count approvals to borrowers whose address is in Old Town, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Old Town borrowers get paid back?
No rate is published for Old Town. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Old Town in the National Flood Insurance Program?
Yes. Old Town appears in the FEMA Community Status Book as Old Town, city of, community 230112, carrying Community Rating System class 10, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Old Town figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Penobscot County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Old Town.
Is zoning published for Old Town?
No. Nothing on this page presents parcel level zoning.
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