Zip 04401 (Bangor, ME) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bangor, Maine	United States
	20,645.0	139,647,020.0
	52	42
	$256,800	$338,100
	19.0%	16.6%
	68.7%	57.0%
	79.9%	101.1%
	$14.88	$10.98
	$2,702	$2,690
	50.3%	57.4%
	9.1%	11.2%
	40.6%	31.4%
Vacant Housing
	3.1%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.8%	0.4%
	0.5%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	4.5%	2.4%
	2.8%	2.8%
	1.0%	3.9%
	3.6%	4.5%
	18.1%	11.3%
	23.9%	13.0%
	27.2%	20.1%
	9.3%	13.6%
	3.2%	8.3%
	1.5%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	9.0%	13.6%
	11.8%	13.2%
	11.2%	14.8%
	9.0%	13.6%
	9.9%	10.0%
	3.9%	4.7%
	29.5%	12.2%

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