Bangor housing market
Typical home value
$277K
▲ 2.0% 1 yr
Typical rent
$1,512/mo
▲ 4.3% 1 yr
12-month forecast
+2.1%
#257 of 546 metros
Gross rent yield
6.5%
#181 of 546 · U.S. 6.3%
Days to pending
53 days
■ 0 days 1 yr
Listings with a price cut
33%
▲ +2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $277,445, up 2.0% in a year and up 31% over five years.
- 2Zillow forecasts home values rising 2.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,512/mo (+4.3% YoY), a 6.5% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,525/mo in principal and interest, $13 more than renting.
- 5Homes go under contract in 53 days (0 days vs last year); 33% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 33/100, #397 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Bangor compares
| Measure | Bangor | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.0% | +1.2% | #289 |
| Home value, 5-yr change | +31.4% | +19.7% | |
| 12-month forecast | +2.1% | +1.1% | #257 |
| Rent, 1-yr change | +4.3% | +2.7% | #158 |
| Gross rent yield | 6.5% | 6.3% | #181 |
| Price-to-rent ratio | 15.3 | 15.8 | |
| Mortgage P&I on typical home | $1,525 | $2,012 | |
| Income needed to buy | $78,754 | $100,902 | |
| Days to pending | 53 | 56 |
Cities in the Bangor metro
1 cities with home value and rent data.
| Bangor | $283K | ▲ 0.6% | $1,509 | ▲ 3.6% | 6.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Bangor rental ($277K, $1,512/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Bangor home.
Rent vs buy
Is it cheaper to rent or buy in Bangor?
Other Maine metros
Portland, ME
$537K home$2,296 rent5.1% yield
▲ 2.1% 1 yr
Augusta, ME
$316K home$1,497 rent5.7% yield
▲ 0.6% 1 yr
Lewiston, ME
$329K home$1,589 rent5.8% yield
▲ 1.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.