Real Estate Appreciation for Bangor, Maine: + 55.00%
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 + 55.00% (+ 6.88% yearly).
All of the property in ME averaged + 91.81% change in value (+ 11.48% yearly).
Bangor-ME
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Bangor, Maine include real estate investment .
Lets look at Bradley, Maine, a city located in Bangor, Maine MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Maine check out Spec-Loan.com
If you were going to do a Bradley, Maine Refinance, or Bradley, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bradley, Maine home was worth $101,000.00 in 1997, you could multiply by + 55.00%, add the gain and see the home should be worth $156,554.79 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1997 to 2004:
+ 6.88%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1997 to 2004 were Ogden-Clearfield-UT, Columbus-IN, Springfield-IL, Lafayette-IN, and Provo-Orem-UT .
- Ogden-Clearfield-UT only increased + 18.92% between 1997 and 2004
- Columbus-IN only increased + 19.22% between 1997 and 2004
- Springfield-IL only increased + 19.59% between 1997 and 2004
- Lafayette-IN only increased + 20.80% between 1997 and 2004
- Provo-Orem-UT only increased + 22.07% between 1997 and 2004
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 4411 - BRADLEY, ME
MSA Pop: 146982Zip Pop: 1242
Avg Value: 74000
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.912591
Long: -68.624394