Situated on the west bank of the Penobscot River, Bangor is ideally located between the rugged coastline and the spectacular North Woods. With a population of more than 30,000 people, it is Maine’s third largest city. This town enjoys a small-town feel and slow pace of life while enjoying many cultural, recreational and educational opportunities. Students grades K-12 are accommodated by the Bangor School Department. Bangor’s proximity to the University of Maine – a 15-minute drive north, in the city of Orono – provides residents with access to many of the school’s state of the art educational and arts facilities. Employment in Bangor can be found in the industries of educational, health and social services and retail trade. Spots for recreation are plentiful in Bangor. More than a dozen city parks feature swimming pools, playgrounds, and plenty of shaded areas for enjoying the outdoors. The city’s largest and most popular park, Cascade Park, overlooks the Penobscot River and has a water fountain, a 20-foot waterfall, a small gazebo, picnic tables and short walking trails. Theater buffs can enjoy a show at the Bangor Opera House, home to the Penobscot Theatre Company. Shoppers make use of the town’s two indoor shopping malls and numerous shopping centers. Bangor’s beautiful surroundings provide nature-lovers opportunities for hiking, biking, golf, canoeing and kayaking. Real estate options in Bangor include single-family detached homes, estate properties, townhouses, condominiums and land lots. Bangor residents relish its beautiful natural surroundings and enjoy many recreational, educational and leisure opportunities.
The real estate market in Bangor is made up primarily of single-family detached homes. Larger homes with spacious lots of considerable acreage, pastures, fireplaces, mature landscaping and river, stream and brook frontage, start in the high $100,000s. Estate properties on wooded lots of considerable acreage, with fireplaces and mature landscaping start in range in the $300,000s. Condominiums and townhouses are available on a very limited basis and can range between $100,000 and $200,000. A good selection of land and lots are also available for custom building.
Bangor Real Estate Stats and Trends for the week of April 21st, 2014: homes priced around $213,871 compared to $206,498 the previous week, showing a increase of more than +3%. For Wednesday, April 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.28%; the 15 year fixed rate is at 3.30%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.68%, while the 15 year jumbo rate currently is at 4.13%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Bangor ME. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Bangor to help you find the best home!