Real Estate Appreciation for Bangor, Maine: + 31.08%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bangor, Maine MSA appreciated + 31.08% (+ 10.36% yearly) between 2003 and the end of 2005.
The state of ME had + 35.77% total appreciation (+ 11.92% 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 than the state as a whole. The state appreaciated + 15.06% faster than this MSA.
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $108,000.00 in 2003, you could multiply by + 31.08%, add the gain and see the home should be worth $141,571.71 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 2003 to 2005:
+ 10.36%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
In contrast, the worst 5 MSAs from 2003 to 2005 were Burlington-NC, Lafayette-IN, Jonesboro-AR, Anderson-IN, and Rocky-Mount-NC .
- Burlington-NC only increased + 3.06% between 2003 and 2005
- Lafayette-IN only increased + 4.69% between 2003 and 2005
- Jonesboro-AR only increased + 5.04% between 2003 and 2005
- Anderson-IN only increased + 5.16% between 2003 and 2005
- Rocky-Mount-NC only increased + 5.82% between 2003 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