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These days, finding an affordable place to live in the Bangor area can be challenging. Home prices in Bangor are now at a median cost of $166,534, lower than the Maine average of $243,042.
The average cost of rent is $925/mo in Bangor, primarily driven by the current value of real estate in the Bangor area. While nearly 43.43% of residents own their homes outright in Bangor, 39.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bangor is $5,035 per month. Households that rent pay about 18.36% of their income on rent here. Bangor's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Brewer, ME: equally priced homes
- Hermon Center, ME: higher priced homes
- Glenburn Center, ME: higher priced homes
- Hampden, ME: higher priced homes
- Orrington, ME: higher priced homes
- Hermon, ME: higher priced homes
- Orono, ME: higher priced homes
- Robyville, ME: less expensive homes
- East Eddington, ME: higher priced homes
- Holden, ME: higher priced homes
Cities with Similar Populations
- Long Beach, NY: higher priced homes
- Villa Rica, GA: higher priced homes
- Port Huron, MI: less expensive homes
- Peachtree City, GA: higher priced homes
- Manitowoc, WI: less expensive homes
- Estero, FL: higher priced homes
- Dorado, PR: equally priced homes
- Fort Washington, MD: higher priced homes
- Mount Pleasant, MI: less expensive homes
- Oswego, IL: higher priced homes
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