Real Estate Appreciation for Bangor, Maine: + 70.76%
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 + 70.76% (+ 7.86% yearly).
All of the property in ME averaged +112.86% change in value (+ 12.54% yearly).
Bangor-ME
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
There are a lot of ways to use the appreciation data for Bangor, Maine .
Lets look at Brewer, 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 Brewer, Maine check out Spec-Loan.com
If you were going to do a Brewer, Maine Refinance, or Brewer, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Brewer, Maine home was worth $102,000.00 in 1997, you could multiply by + 70.76%, add the gain and see the home should be worth $174,173.46 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1997 to 2005:
+ 7.86%
Appreciation Comparisons
For a 9 year period, the top 5 performing MSAs of all time are Salinas-CA, Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, and San-Diego-Carlsbad-San-Marcos-CA .
- Salinas-CA increased +251.65% from 1997 thru 2005
- Salinas-CA increased +229.40% from 1998 thru 2006
- Springfield-MA increased +229.07% from 1981 thru 1989
- Naples-Marco-Island-FL increased +227.32% from 1998 thru 2006
- San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 thru 2005
Zip Code in MSA: 4412 - BREWER, ME
MSA Pop: 146982Zip Pop: 8987
Avg Value: 88200
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.787181
Long: -68.75276