Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$277,445+2.0% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$60,144About 0.9× the local median income ($66,158): affordable for a typical household
Days on market70 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Bangor, ME is worth $277,445, up 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $244,403, so the area is 13.5% overvalued. It is a buyer's market: homes take about 70 days to sell, listings are up 10% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $60,144 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,158. Typical rent is $1,512 a month, or $1,886 for a house. In the latest IRS figures, 455 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$277,445
Change in 1 year
+2.0%
Overvalued %
+13.5%
Show 7 more
Fair home value
$244,403
Change in 5 years
+31.4%
Zillow forecast, next 12 months
+2.1%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,504
Income needed to afford it
$60,144
Property tax rate
1.16%
Rent and investing
Typical rent
$1,512
Typical rent for houses
$1,886
Price-to-rent ratio
15.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,543
Gross rental yield
6.54%
Cap rate (estimate)
4.25%
Market activity
Listings vs a year ago
+10.4%
Days on market
70
Listings with a price cut
25.7%
Show 3 more
Homes for sale
648
Pending sales per 100 listings
13
Asking price per sq ft
$188
People and jobs
Median household income
$66,158
Population change (1 year)
+0.4%
Unemployment rate
3.6%
Show 4 more
Population
157,967
Income adjusted for cost of living
$68,558
Net moves in (IRS)
+455
Cost of living (US = 100)
96.5
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
78.0
Unhealthy air days a year
6
Show 4 more
Flood risk score
83.0
Wildfire risk score
29.3
Walkability (1 to 20)
6.3
Road, rail and air noise
53 dB
Questions people ask
Is Bangor, ME overvalued?
Home prices in Bangor, ME are well above what local incomes have historically supported: fair value is about $244,403, so the area is 13.5% overvalued.
Is Bangor, ME a buyer's or seller's market?
Bangor, ME is a buyer's market: homes take about 70 days to sell, listings are up 10% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Bangor, ME?
Home values in Bangor, ME are up 2.0% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Bangor, ME?
A household needs about $60,144 a year to afford the typical home in Bangor, ME at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,158.