Real Estate Appreciation for Bangor, Maine: + 1.89%
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 + 1.89% (+ 0.47% yearly) between 1993 and the end of 1996.
The state of ME had + 3.48% total appreciation (+ 0.87% yearly).
The state average for Maine was higher than the real estate appreciation in the Bangor, Maine MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 83.51% faster than this MSA.
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% |
| 1996 | 1 | 104.38 | + 2.76% | + 11.03% |
| 1996 | 2 | 102.24 | - 2.05% | - 8.20% |
| 1996 | 3 | 101.84 | - 0.39% | - 1.56% |
| 1996 | 4 | 101.11 | - 0.72% | - 2.87% |
There are a lot of ways to use the appreciation data for Bangor, Maine .
Lets look at Bangor, Maine, a city located in Bangor, Maine MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Bangor, 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 $89,000.00 in 1993, you could multiply by + 1.89%, add the gain and see the home should be worth $90,686.18 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1993 to 1996:
+ 0.47%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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