Real Estate Appreciation for Bangor, Maine: + 0.80%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Bangor, Maine MSA appreciation it was + 0.80% (+ 0.27% yearly) from 1994 to 1996.
During the same time period, ME had + 1.98% (+ 0.66% yearly).
From 1994 to 1996, Maine outperformed the individual Bangor, Maine MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bangor, Maine click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bangor, Maine.
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 $90,000.00 in 1994, you could multiply by + 0.80%, add the gain and see the home should be worth $90,717.77 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1994 to 1996:
+ 0.27%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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