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 + 63.02% (+ 5.73% yearly) from 1994 to 2004.

During the same time period, ME had + 94.35% (+ 8.58% yearly). From 1994 to 2004, 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
Please Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
1995-1998 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 1994, you could multiply by + 63.02%, add the gain and see the home should be worth $159,764.13 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1994 to 2004:
+ 5.73%

Appreciation Comparisons

The worst 5 MSAs from 1994 to 2004 were Binghamton-NY, Rochester-NY, Buffalo-Niagara-Falls-NY, El-Paso-TX, and Elmira-NY .

  1. Binghamton-NY only increased + 18.17% between 1994 and 2004
  2. Rochester-NY only increased + 24.10% between 1994 and 2004
  3. Buffalo-Niagara-Falls-NY only increased + 26.19% between 1994 and 2004
  4. El-Paso-TX only increased + 27.09% between 1994 and 2004
  5. Elmira-NY only increased + 27.92% between 1994 and 2004

For a 11 year period, the top 5 performing MSAs of all time are Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Salinas-CA, Salinas-CA, and Providence-New-Bedford-Fall-River-RI-MA .

  1. Bridgeport-Stamford-Norwalk-CT increased +291.00% from 1977 thru 1987
  2. New-Haven-Milford-CT increased +263.57% from 1978 thru 1988
  3. Salinas-CA increased +257.03% from 1995 thru 2005
  4. Salinas-CA increased +246.95% from 1996 thru 2006
  5. Providence-New-Bedford-Fall-River-RI-MA increased +246.07% from 1977 thru 1987

The worst perfoming MSAs ever for a 11 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .

  1. Midland-TX lost - 33.11% from 1982 to 1992
  2. Midland-TX lost - 27.85% from 1983 thru 1993
  3. Midland-TX lost - 21.51% from 1984 thru 1994
  4. Odessa-TX lost - 21.17% from 1984 thru 1994
  5. Lafayette-LA lost - 18.88% from 1982 thru 1992

Zip Code in MSA: 4418 - GREENBUSH, ME

MSA Pop: 146982
Zip Pop: 1420
Avg Value: 57700
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 45.080192
Long: -68.594259