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Bangor

Learn about the people, housing, costs and businesses in Bangor, Michigan

Median Home$147,803
Median Rent$971/month
Population2,171
Leading IndustriesManufacturing · Agriculture & Mining · Education8% manufacturing
Home Value Growth⬆⬆⬆+38.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners74% of occupied units
NotableTransit85/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Bangor
MI

Frequently Asked Questions

What are today's mortgage rates in Bangor?

As of today, the 30-year fixed mortgage rate for Bangor is approximately 7.026% (7.067% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bangor?

The median home value in Bangor is $148k. The median monthly rent is $971. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bangor?

Home values in Bangor have increased 38.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bangor?

Based on a typical all-in ownership cost of $948/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bangor is $55k/year.

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What industries drive the economy in Bangor?

The largest employment sectors in Bangor are public administration (24%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.