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Bangor

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

Median Home$220,224
Median Rent$1,044/month
Population154,710
Leading IndustriesPublic Administration · Construction · Wholesale Trade34% public administration
Home Value Growth⬆⬆⬆+22.6% over 2 years
Retirees20% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community8% of residents · top 28% nationally
NotableAffordable Market$220k median home · lower cost than 70% of the country
Bangor

Explore Bangor

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Bangor?›

Mortgage rates for Bangor are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Bangor?›

The median home value in Bangor is $220k. The median monthly rent is $1,044. Annual property taxes average $3k. 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 22.6% 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 $1,043/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bangor is $70k/year.

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What industries drive the economy in Bangor?›

The largest employment sectors in Bangor are public administration (34%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.