Appreciation for MSAs:.

Let's start by comparing Bangor, Maine to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 16.72% (+ 8.36% yearly) for the Bangor, Maine MSA.

The entire state of ME had + 19.23% appreciation (+ 9.61% yearly). The state average for Maine was higher than the real estate appreciation in the Bangor, Maine MSA. This means the conditions in the MSA for real estate investment were worse by + 15.00%.

Bangor-ME

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 128.31 + 0.92% + 3.68%
2002 3 134.61 + 4.91% + 19.64%
2002 4 136.44 + 1.36% + 5.44%
2003 1 137.43 + 0.73% + 2.90%
2003 2 138.27 + 0.61% + 2.44%
2003 3 143.1 + 3.49% + 13.97%
2003 4 148.4 + 3.70% + 14.81%


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Bangor-ME here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Maine, you can do some research at 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 $105,000.00 in 2002, you could multiply by + 16.72%, add the gain and see the home should be worth $122,557.81 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2002 to 2003:
+ 8.36%

Appreciation Comparisons

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

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