Real Estate Appreciation for Bangor, Maine: + 5.79%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Bangor, Maine: + 5.79%
- State of ME: + 20.19%
- Difference: - 71.35%
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 108.91 | - 1.30% | - 5.18% |
| 2000 | 2 | 113.38 | + 4.10% | + 16.42% |
| 2000 | 3 | 114.88 | + 1.32% | + 5.29% |
| 2000 | 4 | 115.92 | + 0.91% | + 3.62% |
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 Bangor, Maine Refinance, or Bangor, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bangor, Maine home was worth $98,000.00 in 1998, you could multiply by + 5.79%, add the gain and see the home should be worth $103,670.01 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1998 to 2000:
+ 1.93%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1998 to 2000 were Midland-TX, Wenatchee-WA, Buffalo-Niagara-Falls-NY, Grand-Forks-ND-MN, and Coeur-d'Alene-ID .
- Midland-TX decreased by - 1.12% between 1998 and 2000
- Wenatchee-WA only increased + 0.15% between 1998 and 2000
- Buffalo-Niagara-Falls-NY only increased + 0.36% between 1998 and 2000
- Grand-Forks-ND-MN only increased + 0.83% between 1998 and 2000
- Coeur-d'Alene-ID only increased + 1.01% between 1998 and 2000
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 4401 - BANGOR, ME
MSA Pop: 146982Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771