Real Estate Appreciation for Bangor, Maine: + 15.19%
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: + 15.19%
- State of ME: + 32.04%
- Difference: - 52.58%
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% |
| 2001 | 1 | 121.68 | + 4.97% | + 19.88% |
| 2001 | 2 | 119.73 | - 1.60% | - 6.41% |
| 2001 | 3 | 123.03 | + 2.76% | + 11.02% |
| 2001 | 4 | 126.23 | + 2.60% | + 10.40% |
Some of the ways peope use our appreciation data for Bangor, Maine include real estate investment .
Lets look at Bangor, 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 Bangor, Maine Refinance, or Bangor, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bangor, Maine home was worth $99,000.00 in 1998, you could multiply by + 15.19%, add the gain and see the home should be worth $114,042.43 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1998 to 2001:
+ 3.80%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2001 were Santa-Cruz-Watsonville-CA, Salinas-CA, Santa-Rosa-Petaluma-CA, Barnstable-Town-MA, and Napa-CA .
- Santa-Cruz-Watsonville-CA increased + 68.73% from 1998 to the end of 2001
- Salinas-CA increased + 68.18% from 1998 to the end of 2001
- Santa-Rosa-Petaluma-CA increased + 67.23% from 1998 to the end of 2001
- Barnstable-Town-MA increased + 65.19% from 1998 to the end of 2001
- Napa-CA increased + 63.43% from 1998 to the end of 2001
In contrast, the worst 5 MSAs from 1998 to 2001 were Wenatchee-WA, Midland-TX, Albuquerque-NM, Grand-Forks-ND-MN, and Springfield-IL .
- Wenatchee-WA only increased + 5.36% between 1998 and 2001
- Midland-TX only increased + 5.49% between 1998 and 2001
- Albuquerque-NM only increased + 5.79% between 1998 and 2001
- Grand-Forks-ND-MN only increased + 6.02% between 1998 and 2001
- Springfield-IL only increased + 6.24% between 1998 and 2001
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