Real Estate Appreciation for Bangor, Maine: + 81.55%
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 + 81.55% (+ 6.27% yearly) between 1993 and the end of 2005.
The state of ME had +118.85% total appreciation (+ 9.14% 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 + 45.74% faster than this MSA.
Bangor-ME
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Bangor, Maine include real estate investment .
Lets look at Greenbush, 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 Greenbush, Maine Refinance, or Greenbush, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Greenbush, Maine home was worth $98,000.00 in 1993, you could multiply by + 81.55%, add the gain and see the home should be worth $177,916.96 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1993 to 2005:
+ 6.27%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 4418 - GREENBUSH, ME
MSA Pop: 146982Zip Pop: 1420
Avg Value: 57700
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 45.080192
Long: -68.594259