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 + 27.21% (+ 3.02% yearly) between 1993 and the end of 2001.

The state of ME had + 43.43% total appreciation (+ 4.83% 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 + 59.62% faster than this MSA.

Bangor-ME

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation


Lets look at Brewer, Maine, a city located in Bangor, Maine MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a Brewer, Maine Refinance, or Brewer, Maine Reverse Mortgages, you could estimate your home value.

If you knew your Brewer, Maine home was worth $94,000.00 in 1993, you could multiply by + 27.21%, add the gain and see the home should be worth $119,576.94 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1993 to 2001:
+ 3.02%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 2001 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, San-Jose-Sunnyvale-Santa-Clara-CA, and Greeley-CO .

  1. Boulder-CO increased +112.54% from 1993 to the end of 2001
  2. Denver-Aurora-CO increased +109.23% from 1993 to the end of 2001
  3. Fort-Collins-Loveland-CO increased +101.64% from 1993 to the end of 2001
  4. San-Jose-Sunnyvale-Santa-Clara-CA increased + 97.50% from 1993 to the end of 2001
  5. Greeley-CO increased + 97.25% from 1993 to the end of 2001

In contrast, the worst 5 MSAs from 1993 to 2001 were Honolulu-HI, Binghamton-NY, Glens-Falls-NY, Utica-Rome-NY, and Albany-Schenectady-Troy-NY .

  1. Honolulu-HI decreased by - 5.78% between 1993 and 2001
  2. Binghamton-NY only increased + 5.82% between 1993 and 2001
  3. Glens-Falls-NY only increased + 6.79% between 1993 and 2001
  4. Utica-Rome-NY only increased + 7.04% between 1993 and 2001
  5. Albany-Schenectady-Troy-NY only increased + 7.30% between 1993 and 2001

Zip Code in MSA: 4412 - BREWER, ME

MSA Pop: 146982
Zip Pop: 8987
Avg Value: 88200
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.787181
Long: -68.75276