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 + 10.00% (+ 1.67% yearly) from 1994 to 1999.

During the same time period, ME had + 17.72% (+ 2.95% yearly). From 1994 to 1999, 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1996-1999 Quarterly Detailed Appreciation


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 $93,000.00 in 1994, you could multiply by + 10.00%, add the gain and see the home should be worth $102,299.07 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1994 to 1999:
+ 1.67%

Appreciation Comparisons

The top 5 performing MSAs from 1994 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Denver-Aurora-CO, Monroe-MI, Battle-Creek-MI, and Jackson-MI .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 55.06% from 1994 to the end of 1999
  2. Denver-Aurora-CO increased + 54.88% from 1994 to the end of 1999
  3. Monroe-MI increased + 50.44% from 1994 to the end of 1999
  4. Battle-Creek-MI increased + 49.19% from 1994 to the end of 1999
  5. Jackson-MI increased + 48.18% from 1994 to the end of 1999

In contrast, the worst 5 MSAs from 1994 to 1999 were Honolulu-HI, Bakersfield-CA, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and Syracuse-NY .

  1. Honolulu-HI decreased by - 16.68% between 1994 and 1999
  2. Bakersfield-CA decreased by - 4.49% between 1994 and 1999
  3. Albany-Schenectady-Troy-NY decreased by - 4.09% between 1994 and 1999
  4. Utica-Rome-NY decreased by - 3.85% between 1994 and 1999
  5. Syracuse-NY decreased by - 1.70% between 1994 and 1999

Zip Code in MSA: 4402 - BANGOR, ME

MSA Pop: 146982
Zip Pop: 0
Avg Value: 0
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.832203
Long: -68.78755