Much like its nearby areas, it's a bit less expensive compared to the entire country.
Home prices
The median home cost in Bangor is $157,000. This is roughly $3,733 (2%) lower compared to its surrounding areas.In comparison to the nation as a whole it is approximately $60,500 (27%) lower.
Rents
In Bangor the median rent is $816 a month. In comparison to its nearby areas this is about $19 (2%) lower.Compared to the rest of the nation it is about $246 (23%) lower.
Nearby places
Brewer
Brewer is Bangor's neighbor to the southeast. Housing prices there are pretty similar. The median home in Brewer costs $162,100, which is $5,100 (3%) higher than Bangor. The rent there is a bit more expensive. In Brewer the median monthly rent is $865, which works out to $49 (5%) higher than Bangor.
Hampden
Hampden is Bangor's neighbor to the south. The housing prices there are a bit more expensive. Hampden's median home cost is $210,500, which is $53,500 (25%) higher than Bangor. Its rents are somewhat more expensive. The median monthly rent in Hampden is $869, which comes out to $53 (6%) higher than Bangor.
Orono
Orono is approximately 5 miles northeast from Bangor. Its real estate prices are somewhat more expensive. The median home cost in Orono is $172,800, which works out to $15,800 (9%) higher than Bangor. Rent there is somewhat more expensive. In Orono the median monthly rent is $907, which is $91 (10%) higher than Bangor.
Old Town
Old Town is roughly 7 miles north of Bangor. Its real estate prices are somewhat less expensive. The median home cost in Old Town is $135,700, which comes out to $21,300 (15%) lower than Bangor. Its rents are a bit less expensive. The median monthly rent in Old Town is $762, which works out to $54 (7%) lower than Bangor.
Milford
Milford is about 9 miles northeast from Bangor. Housing prices there are significantly less expensive. The cost of the median home in Milford is $110,800, which works out to $46,200 (41%) lower than Bangor. Rents there are somewhat more expensive. In Milford the median monthly rent is $901, which works out to $85 (9%) higher than Bangor.
Winterport
Winterport is roughly 12 miles south from Bangor. Real estate prices there are a little more expensive. The median home in Winterport is valued at $172,500, which comes out to $15,500 (8%) higher than Bangor. The rent there is somewhat less expensive. In Winterport the median rent is $706 per month, which comes out to $110 (15%) lower than Bangor.