Bangor, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bangor Neighborhoods Since 2000




Bangor, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bangor Housing Market Information

With a population of 5,203, 1,925 total housing units (homes and apartments), and a median house value of $151,155, Bangor real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bangor, accounting for 45.35% of the borough's housing units. Other types of housing that are prevalent in Bangor include row houses and other attached homes ( 25.24%), large apartment complexes or high rise apartments ( 15.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.75%).

The most prevalent building size and type in Bangor are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 50.36% owning and 49.64% renting.

The housing in Bangor was primarily built before 1939 ( 64.48%), making the housing stock in Bangor some of the oldest overall in America, although there is a range of ages of homes in Bangor. The next most important housing age is between 1940-1969 ( 23.34%), followed by between 1970-1999 ( 10.91%). There's also some housing in Bangor built between 2000 and later ( 1.27%).

Bangor Home Appreciation Rates

Homes have actually lost value in Bangor over the last then years, as home values have seen a decline of 23.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bangor home appreciation rates at 0.88%, which equates to an annual appreciation rate of 3.57%.

Over the last year, Bangor appreciation rates have trailed the rest of the nation. In the last twelve months, Bangor's appreciation rate has been -1.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bangor were at 0.88%, which equates to an annual appreciation rate of 3.57%.

Relative to Pennsylvania, our data show that Bangor's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$151,155

Bangor, PA HOME PRICES

Value Range
> $985,000 0.0
$739,001 - $985,000 1.1
$493,001 - $739,000 0.0
$394,001 - $493,000 1.2
$296,001 - $394,000 3.2
$197,001 - $296,000 18.8
$99,001 - $197,000 60.8
$49,001 - $99,000 12.8
$0 - $49,000 2.1

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
49.4843548576116 44.0579710144928

Number Of Homes And Apartments:
1,925

Bangor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.83% 1.48% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 50.36
Renters 49.64
Vacant 5.82

Housing Market Details

 

Age of Homes

AGE OF Bangor HOMES
2000 or Newer 1.3
1970 - 1999 10.9
1940 - 1969 23.3
1939 or Older 64.5

Types of Homes

TYPE OF Bangor HOMES
Single-Family 45.4
Townhomes 25.2
Small Apt. Buildings 13.7
Apt. Complexes 15.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bangor HOMES
No Bedroom 1.61
1 Bedroom 13.01
2 Bedrooms 15.66
3 Bedrooms 60.57
4 Bedrooms 8.22
5 or more bedrooms 0.93