Median real estate price in the City Center of Bangor is $138,023, which is more expensive than 40.6% of the neighborhoods in Maine and 39.3% of the neighborhoods in the U.S.
The average rental price in Bangor City Center is currently $642, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 50.1% of Maine neighborhoods.
Bangor City Center is a suburban neighborhood (based on population density) located in Bangor, Maine.
Real estate in the City Center of Bangor, ME is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Bangor City Center has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.0% of American neighborhoods). This could either signal that there is weak demand for real estate in the neighborhood, or that much of the housing stock is seasonally occupied, which can occur in some markets dominated by colleges or vacation homes. Either way, if you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.