The housing market in 04401 Bangor, ME is definitely on the rise. The median value of homes in this area is $256,800, which is significantly lower than the US median value of $338,100. However, the one year appreciation rate for houses in Bangor is 15.28%, which is much higher than the US average appreciation rate of 8.27%. This shows that home values in 04401 Bangor, ME are rapidly increasing and could be a great investment opportunity for potential homeowners.
The median home cost in Bangor (zip 04401) is $256,800. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Bangor (zip 04401) is up 19.0%.
Average Age of Homes
- The median age of Bangor (zip 04401) real estate is 51 years old
The Rental Market in Bangor (zip 04401)
- Renters make up 43.9% of the Bangor (zip 04401) population
- 3.1% of houses and apartments in Bangor (zip 04401), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.