Foreclosure Homes in Bangor, ME

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5 View this home at Maxwell Ln Bangor ME 04401
$242,718 EMV
Maxwell Ln
Bangor, ME 04401
3 |
EST. RENT: $1,080
AUCTION: 05-16-2024
3 |
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Bangor, ME Foreclosures

How much do homes sell for in Bangor, ME?
The average home price is currently $277,672.
In Bangor, ME, how many homes are available?
There are currently 9,303 active home listings available in Bangor.
What’s the average rental cost in Bangor, ME?
The average rental price in Bangor is $1,321.
What is the most expensive home in Bangor, Maine?
The most expensive home sold in Bangor had a price of $8,343,724.
What is currently the cheapest priced home in Bangor, ME?
The cheapest home for sale in Bangor is priced at $28,440.

Home Value Estimator For Bangor, ME

There are currently 9,303 real estate properties in Bangor, ME, with a median automated valuation model (AVM) price of $244,521.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bangor, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bangor, ME, is $277,672.00, with the most expensive house in Bangor, ME, topping out at $8,343,724.00 and the cheapest home in Bangor, ME, clocking in at $28,440.00. In other words, there’s something for every potential homebuyer or savvy investor in Bangor, ME!

Rent Prices In Bangor, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bangor, ME, is on a rollercoaster ride. The average rent price in Bangor, ME, is $1,321.00. Indeed, when looking to rent in Bangor, ME, you can expect to pay as little as $760.00 or as much as $2,090.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Bangor, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Bangor, ME In 2024

Bangor is located in Penobscot, Maine, with an estimated municipal population of 32,262 residents. All of the best foreclosed homes for sale in Bangor are located in the following zip code areas on 04401 04402. The estimated population per square kilometer (.62 miles) in Bangor is 363.

Cost Of Living In Bangor, ME

So, about how much do homes cost in Bangor? The most recent median value of resident-owned homes in Bangor is 153,844. An estimated 48.3 percent of households in Bangor own their homes, with an average family size of 2.86. The median household income in Bangor is 46,625, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bangor, the median commute time of resident workers (in minutes) is 16.9. And last, but certainly not least, are you looking for homes to rent in Bangor? If so, the average rent price paid by renters in Bangor is 816, according to recent statistics.

Diversity And Demographics In Bangor, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bangor, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Bangor is 37.9, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Bangor is 38.8, with an average family size of 2.86.

The percentage of residents who report their race in Bangor is as follows:

White 90.6%
Black / African American 1.8%
Asian 2.5%
American Indian / Alaskan Native 1.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.1%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Bangor? Or maybe you are searching for 55+ active adult communities in and/or near Bangor?

The percentage of residents who report their age in Bangor is as follows:

Under 10 9.1%
Aged 10-19 11.7%
20s 17.4%
30s 13.4%
40s 11%
50s 13.6%
60s 11.6%
70s 7%
80+ 5%

Best Schools In Bangor, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bangor with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bangor.

Pros And Cons Of Living In Bangor, Maine

How do you know that living in -- or moving to -- Bangor is right where you need to be? Perhaps you grew up in Bangor or already live nearby; therefore, the decision to buy a home in Bangor is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bangor for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bangor:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bangor.

Reasons To Move To Bangor, Maine, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bangor can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bangor, meanwhile, can field multiple offers from more qualified buyers.

Bangor, ME Foreclosures


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