Real Estate Appreciation for Bangor, Maine: + 2.37%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bangor, Maine MSA appreciated + 2.37% (+ 0.79% yearly) between 1993 and the end of 1995.
The state of ME had + 1.29% total appreciation (+ 0.43% yearly).
The Bangor, Maine MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 83.72% faster than the state as a whole.
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 100.45 | + 1.23% | + 4.92% |
| 1993 | 3 | 100.34 | - 0.11% | - 0.44% |
| 1993 | 4 | 102.56 | + 2.21% | + 8.85% |
| 1994 | 1 | 100.31 | - 2.19% | - 8.78% |
| 1994 | 2 | 100.65 | + 0.34% | + 1.36% |
| 1994 | 3 | 99.1 | - 1.54% | - 6.16% |
| 1994 | 4 | 98.13 | - 0.98% | - 3.92% |
| 1995 | 1 | 100 | + 1.91% | + 7.62% |
| 1995 | 2 | 97.62 | - 2.38% | - 9.52% |
| 1995 | 3 | 101.97 | + 4.46% | + 17.82% |
| 1995 | 4 | 101.58 | - 0.38% | - 1.53% |
Some of the ways peope use our appreciation data for Bangor, Maine include real estate investment .
Lets look at Bangor, Maine, a city located in Bangor, Maine MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Maine check out Spec-Loan.com
If you were going to do a Bangor, Maine Refinance, or Bangor, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bangor, Maine home was worth $88,000.00 in 1993, you could multiply by + 2.37%, add the gain and see the home should be worth $90,084.05 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1993 to 1995:
+ 0.79%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
Zip Code in MSA: 4401 - BANGOR, ME
MSA Pop: 146982Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771