Real Estate Appreciation for Bangor, Maine: + 41.69%
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 + 41.69% (+ 10.42% yearly) for the Bangor, Maine MSA.
The entire state of ME had + 49.25% appreciation (+ 12.31% 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 + 18.12%.
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 148.03 | - 0.25% | - 1.00% |
| 2004 | 2 | 154.08 | + 4.09% | + 16.35% |
| 2004 | 3 | 160.48 | + 4.15% | + 16.61% |
| 2004 | 4 | 163.53 | + 1.90% | + 7.60% |
| 2005 | 1 | 169.49 | + 3.64% | + 14.58% |
| 2005 | 2 | 171.19 | + 1.00% | + 4.01% |
| 2005 | 3 | 178.88 | + 4.49% | + 17.97% |
| 2005 | 4 | 180.15 | + 0.71% | + 2.84% |
Lets look at Bangor, Maine, a city located in Bangor, Maine MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 2002, you could multiply by + 41.69%, add the gain and see the home should be worth $151,612.79 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 2002 to 2005:
+ 10.42%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
In contrast, the worst 5 MSAs from 2002 to 2005 were Lafayette-IN, Burlington-NC, Anderson-IN, Jonesboro-AR, and Fort-Wayne-IN .
- Lafayette-IN only increased + 6.22% between 2002 and 2005
- Burlington-NC only increased + 6.40% between 2002 and 2005
- Anderson-IN only increased + 8.50% between 2002 and 2005
- Jonesboro-AR only increased + 8.86% between 2002 and 2005
- Fort-Wayne-IN only increased + 9.30% between 2002 and 2005
Zip Code in MSA: 4401 - BANGOR, ME
MSA Pop: 146982Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771