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 + 4.59% (+ 1.53% yearly).

All of the property in ME averaged + 16.18% change in value (+ 5.39% 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%
1999 1 111.45 + 1.92% + 7.68%
1999 2 107.99 - 3.10% - 12.42%
1999 3 105.17 - 2.61% - 10.45%
1999 4 110.34 + 4.92% + 19.66%


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 $96,000.00 in 1997, you could multiply by + 4.59%, add the gain and see the home should be worth $100,404.17 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1997 to 1999:
+ 1.53%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
  2. Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
  3. Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
  4. Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
  5. Napa-CA increased + 28.79% from 1997 to the end of 1999

In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .

  1. Honolulu-HI decreased by - 5.64% between 1997 and 1999
  2. Williamsport-PA decreased by - 0.53% between 1997 and 1999
  3. Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
  4. Ithaca-NY only increased + 0.26% between 1997 and 1999
  5. Reading-PA only increased + 1.79% between 1997 and 1999

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