HomeMainePenobscot CountyOld Town city
Old Town city, Maine: commercial real estate data.
Old Town city 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.
76 sourced place values · tier FULL · 8 sections
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 7(a) lending to Old Town borrowers
- Approvals10
- Gross approval$2,294,900
- Average approval$229,490
- Median approval$100,000
- Ninetieth percentile approval$1,000,000
- 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
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Old Town
SBA 504 lending to Old Town borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Penobscot County, not Old Town
Penobscot County context, not Old Town figures
These are Penobscot County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Old Town measurements.
- Establishments in Penobscot County4,222
- Employment at those establishments, Penobscot County60,749
- Covered employment, Penobscot County71,983
- Average annual pay, Penobscot County$55,593
- Average weekly wage, Penobscot County$1,069
- Housing units permitted, Penobscot County450
- Of those, single family, Penobscot County367
- County product, 2024, Penobscot County$9,643,476,000
- County product change over the prior year, Penobscot County5.7 percent
- Average income of an arriving household, Penobscot County$55,736
Every figure in this section is published for Penobscot County as a whole and is not a measurement of Old Town. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $2.3 m, across 5 lenders, median approval $100,000, plus 1 504 approvals worth $341,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Old Town figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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