Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Bangor, Maine MSA appreciated + 46.73% (+ 7.79% yearly) for the period between 1999 and the end of 2004.

The state had + 73.53% total appreciation (+ 12.26% yearly). The state average for Maine was higher than the real estate appreciation in the Bangor, Maine MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 57.35% faster than this MSA.

Bangor-ME

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


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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 $103,000.00 in 1999, you could multiply by + 46.73%, add the gain and see the home should be worth $151,131.36 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 1999 to 2004:
+ 7.79%

Appreciation Comparisons

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

Zip Code in MSA: 4402 - BANGOR, ME

MSA Pop: 146982
Zip Pop: 0
Avg Value: 0
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.832203
Long: -68.78755