Real Estate Appreciation for Bangor, Maine: + 26.23%
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 + 26.23% (+ 3.75% yearly).
All of the property in ME averaged + 46.67% change in value (+ 6.67% yearly).
Bangor-ME
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Bradford, Maine Refinance, or Bradford, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bradford, Maine home was worth $96,000.00 in 1995, you could multiply by + 26.23%, add the gain and see the home should be worth $121,180.80 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1995 to 2001:
+ 3.75%
Appreciation Comparisons
For a 7 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Merced-CA, Naples-Marco-Island-FL, and Vallejo-Fairfield-CA .
- Salinas-CA increased +208.13% from 1999 thru 2005
- Springfield-MA increased +199.02% from 1981 thru 1987
- Merced-CA increased +193.70% from 1999 thru 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 thru 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 thru 2005
The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .
- Lafayette-LA lost - 40.40% from 1982 to 1988
- Casper-WY lost - 35.78% from 1983 thru 1989
- Midland-TX lost - 32.81% from 1983 thru 1989
- Lafayette-LA lost - 32.70% from 1983 thru 1989
- Midland-TX lost - 31.48% from 1982 thru 1988
Zip Code in MSA: 4410 - BRADFORD, ME
MSA Pop: 146982Zip Pop: 1161
Avg Value: 72000
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 45.088104
Long: -68.907911