What is the median home price in Bangor?

The median home price in Bangor, Bangor city, Maine is $189,900, which is 33% below the national average of 281,900 ($281,900).

Bangor, Bangor city, Maine has a violent crime rate of 0.8 per 1,000 residents, which is 78% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 7.9 per 1,000 residents.

What is the median household income in Bangor?

The median household income in Bangor, Bangor city, Maine is $52,438, which is 30% below the national average of 74,580 ($74,580).

What is the average rent in Bangor?

The median rent in Bangor, Bangor city, Maine is $930 per month. The national average median rent is $1,163/month.

What is the population of Bangor?

The population of Bangor, Bangor city, Maine is approximately 31,705. The homeownership rate is 46.4% (national average: 65.9%).

What is the unemployment rate in Bangor?

The unemployment rate in Bangor, Bangor city, Maine is 4.5%. The national average unemployment rate is 3.7%. The poverty rate is 15.2% (national average: 12.4%).

Bangor

Bangor city, Maine

Affordable

About Bangor

Bangor, Maine, offers a compelling blend of affordability and charm, making it a hidden gem for those seeking a relaxed lifestyle without breaking the bank. With a population of just over 31,700, this city presents a close-knit community feel, where neighbors know each other and the pace of life moves a little slower. The median home value of $189,900 is significantly below the national average, making homeownership an achievable dream for many. You'll find yourself with more disposable income to enjoy the local arts scene, explore the beautiful Maine outdoors, or simply savor the peace and quiet. Bangor is a place where you can truly put down roots and build a life.

From an investment perspective, Bangor's housing market is ripe with opportunity. While the median household income of $52,438 is below the national average, the low cost of living allows for a comfortable lifestyle. The city’s walkability is decent, and it boasts a relatively safe environment. This makes Bangor an ideal choice for first-time homebuyers, young families, and retirees looking for a secure, affordable place to call home. Whether you're seeking a cozy starter home or a solid investment property, Bangor offers a unique blend of value and quality of life that's hard to find elsewhere.

Bangor, Maine at a Glance

Bangor is a city in Bangor city, Maine with a population of approximately 31,705. The median home value is $189,900 and the median household income is $52,438.. The violent crime rate is 0.8 per 1,000 residents, which is 78% below the national average.. Median rent is $930 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.