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 + 60.32% (+ 10.05% yearly) for the period between 2001 and the end of 2006.

The state had + 66.56% total appreciation (+ 11.09% 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 + 10.35% faster than this MSA.

Bangor-ME

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


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

Lets look at Bangor, 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 Bangor, 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 $107,000.00 in 2001, you could multiply by + 60.32%, add the gain and see the home should be worth $171,544.71 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2001 to 2006:
+ 10.05%

Appreciation Comparisons

The worst 5 MSAs from 2001 to 2006 were Kokomo-IN, Lafayette-IN, Anderson-IN, Muncie-IN, and Saginaw-Saginaw-Township-North-MI .

  1. Kokomo-IN only increased + 7.35% between 2001 and 2006
  2. Lafayette-IN only increased + 9.59% between 2001 and 2006
  3. Anderson-IN only increased + 11.00% between 2001 and 2006
  4. Muncie-IN only increased + 12.69% between 2001 and 2006
  5. Saginaw-Saginaw-Township-North-MI only increased + 12.79% between 2001 and 2006

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

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

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