Bangor Metro Area, ME Housing

The housing market in the Bangor, ME Metro Area is flourishing. The median value of a house in this area sits at $227,800, which is significantly lower than the US median value of $338,100. Additionally, the 1 year appreciation rate for houses in this area is 16.36%, which is much higher than the national average of 8.27%. This indicates that there are great opportunities for potential homeowners and investors interested in purchasing property in this region.

The median home cost in Bangor Metro Area is $227,800. Home appreciation the last 10 years has been 80.1%. Home Appreciation in Bangor Metro Area is up 19.2%.

Average Age of Homes

- The median age of Bangor Metro Area real estate is 43 years old

The Rental Market in Bangor Metro Area

- Renters make up 27.4% of the Bangor Metro Area population
- 2.0% of houses and apartments in Bangor Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bangor, Maine	United States
	74,904.0	139,647,020.0
	45	42
	$227,800	$338,100
	19.2%	16.6%
	69.0%	57.0%
	80.1%	101.1%
	$14.28	$10.98
	$2,243	$2,690
	58.6%	57.4%
	16.1%	11.2%
	25.2%	31.4%
Vacant Housing
	2.0%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	8.1%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	4.1%	2.4%
	6.2%	2.8%
	6.6%	3.9%
	7.2%	4.5%
	18.1%	11.3%
	21.0%	13.0%
	20.7%	20.1%
	7.7%	13.6%
	2.4%	8.3%
	1.4%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.4%	13.6%
	13.4%	13.6%
	11.4%	13.6%
	13.9%	13.2%
	14.1%	14.8%
	11.4%	13.6%
	8.0%	10.0%
	3.3%	4.7%
	22.0%	12.2%

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