Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Bangor, Maine MSA appreciation it was + 79.12% (+ 11.30% yearly) from 2000 to 2006.

During the same time period, ME had + 84.04% (+ 12.01% yearly). From 2000 to 2006, Maine outperformed the individual Bangor, Maine MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Bangor-ME

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Bangor, Maine .

Lets look at Bradford, 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 Bradford, Maine check out Spec-Loan.com

If you were going to do a Bradford, Maine Refinance, or Bradford, Maine Reverse Mortgages, you could estimate your home value.

If you knew your Bradford, Maine home was worth $106,000.00 in 2000, you could multiply by + 79.12%, add the gain and see the home should be worth $189,867.60 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2000 to 2006:
+ 11.30%

Appreciation Comparisons

The top 5 performing MSAs from 2000 to 2006 were Naples-Marco-Island-FL, Riverside-San-Bernardino-Ontario-CA, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Merced-CA, and Bakersfield-CA .

  1. Naples-Marco-Island-FL increased +181.38% from 2000 to the end of 2006
  2. Riverside-San-Bernardino-Ontario-CA increased +177.29% from 2000 to the end of 2006
  3. Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +176.02% from 2000 to the end of 2006
  4. Merced-CA increased +174.94% from 2000 to the end of 2006
  5. Bakersfield-CA increased +170.91% from 2000 to the end of 2006

In contrast, the worst 5 MSAs from 2000 to 2006 were Kokomo-IN, Lafayette-IN, Anderson-IN, Sioux-City-IA-NE-SD, and Fort-Wayne-IN .

  1. Kokomo-IN only increased + 12.58% between 2000 and 2006
  2. Lafayette-IN only increased + 13.25% between 2000 and 2006
  3. Anderson-IN only increased + 16.70% between 2000 and 2006
  4. Sioux-City-IA-NE-SD only increased + 18.69% between 2000 and 2006
  5. Fort-Wayne-IN only increased + 19.01% between 2000 and 2006

Zip Code in MSA: 4410 - BRADFORD, ME

MSA Pop: 146982
Zip Pop: 1161
Avg Value: 72000
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 45.088104
Long: -68.907911