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 + 41.95% (+ 10.49% yearly) between 2003 and the end of 2006.

The state of ME had + 39.09% total appreciation (+ 9.77% yearly). The Bangor, Maine MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 7.31% faster than the state as a whole.

Bangor-ME

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2006 1 186.62 + 3.59% + 14.37%
2006 2 185.35 - 0.68% - 2.72%
2006 3 187.93 + 1.39% + 5.57%
2006 4 195.08 + 3.80% + 15.22%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $109,000.00 in 2003, you could multiply by + 41.95%, add the gain and see the home should be worth $154,724.00 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2003 to 2006:
+ 10.49%

Appreciation Comparisons

The worst 5 MSAs from 2003 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .

  1. Kokomo-IN only increased + 2.97% between 2003 and 2006
  2. Anderson-IN only increased + 3.19% between 2003 and 2006
  3. Lafayette-IN only increased + 5.02% between 2003 and 2006
  4. Saginaw-Saginaw-Township-North-MI only increased + 5.27% between 2003 and 2006
  5. Muncie-IN only increased + 6.15% between 2003 and 2006

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

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