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 + 94.48% (+ 7.27% yearly) from 1994 to 2006.

During the same time period, ME had +120.96% (+ 9.30% yearly). From 1994 to 2006, 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
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Lets look at Greenbush, 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 Greenbush, Maine Refinance, or Greenbush, Maine Reverse Mortgages, you could estimate your home value.

If you knew your Greenbush, Maine home was worth $100,000.00 in 1994, you could multiply by + 94.48%, add the gain and see the home should be worth $194,477.12 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1994 to 2006:
+ 7.27%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Odessa-TX lost - 15.99% from 1984 thru 1996
  2. Odessa-TX lost - 10.08% from 1985 thru 1997

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