Real Estate Appreciation for Bangor, Maine: + 1.11%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bangor, Maine did compared to the state as a whole.
The Bangor, Maine MSA property value change was + 1.11% (+ 0.55% yearly).
All of the property in ME averaged + 5.81% change in value (+ 2.91% yearly).
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Bangor, Maine .
Lets look at Bangor, Maine, a city located in Bangor, Maine MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Bangor, Maine check out Spec-Loan.com
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 $91,000.00 in 1995, you could multiply by + 1.11%, add the gain and see the home should be worth $92,010.10 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1995 to 1996:
+ 0.55%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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