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 + 48.05% (+ 9.61% yearly) for the period between 2001 and the end of 2005.

The state had + 62.58% total appreciation (+ 12.52% 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 + 30.24% faster than this MSA.

Bangor-ME

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2002-2005 Quarterly Detailed Appreciation


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bangor, Maine click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bangor, Maine.

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 $106,000.00 in 2001, you could multiply by + 48.05%, add the gain and see the home should be worth $156,935.40 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2001 to 2005:
+ 9.61%

Appreciation Comparisons

The worst 5 MSAs from 2001 to 2005 were Lafayette-IN, Burlington-NC, Rocky-Mount-NC, Decatur-AL, and Jonesboro-AR .

  1. Lafayette-IN only increased + 9.24% between 2001 and 2005
  2. Burlington-NC only increased + 9.68% between 2001 and 2005
  3. Rocky-Mount-NC only increased + 11.41% between 2001 and 2005
  4. Decatur-AL only increased + 12.39% between 2001 and 2005
  5. Jonesboro-AR only increased + 12.46% between 2001 and 2005

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

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased +139.57% from 1976 thru 1980
  2. Worcester-MA increased +138.82% from 1982 thru 1986
  3. Fresno-CA increased +137.23% from 2001 thru 2005
  4. Madera-CA increased +136.99% from 2001 thru 2005
  5. Yuba-City-CA increased +136.08% from 2001 thru 2005

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

Zip Code in MSA: 4401 - BANGOR, ME

MSA Pop: 146982
Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771