Real Estate Appreciation for Bangor, Maine: + 31.78%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Bangor, Maine MSA appreciation it was + 31.78% (+ 10.59% yearly) from 2004 to 2006.
During the same time period, ME had + 25.59% (+ 8.53% yearly).
You can see that the Bangor, Maine MSA experienced higher appreciation in this case.
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $110,000.00 in 2004, you could multiply by + 31.78%, add the gain and see the home should be worth $144,962.51 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 2004 to 2006:
+ 10.59%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
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