Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Bangor, Maine did compared to the state as a whole.

The Bangor, Maine MSA property value change was + 15.10% (+ 7.55% yearly).

All of the property in ME averaged + 10.70% change in value (+ 5.35% yearly).

Bangor-ME

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bangor, Maine click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bangor, Maine.

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 $111,000.00 in 2005, you could multiply by + 15.10%, add the gain and see the home should be worth $127,759.04 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bangor-ME from 2005 to 2006:
+ 7.55%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. Anchorage-AK lost - 24.89% from 1986 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