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 + 3.65% (+ 1.82% yearly).

All of the property in ME averaged + 9.32% change in value (+ 4.66% yearly).

Bangor-ME

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 102.49 - 2.85% - 11.41%
1997 3 100.33 - 2.11% - 8.43%
1997 4 106.44 + 6.09% + 24.36%
1998 1 109.58 + 2.95% + 11.80%
1998 2 106.79 - 2.55% - 10.18%
1998 3 108.52 + 1.62% + 6.48%
1998 4 109.35 + 0.76% + 3.06%


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

If you knew your Bangor, Maine home was worth $95,000.00 in 1997, you could multiply by + 3.65%, add the gain and see the home should be worth $98,466.82 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1997 to 1998:
+ 1.82%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 4401 - BANGOR, ME

MSA Pop: 146982
Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771