Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bangor, Maine.
Pre-filled with Bangor median home price and Maine tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maine rates and fees applied to Bangor prices.
The median home price in Bangor is $235,000, 33% below the Maine state median of $350,000. With a population of 32,029, Bangor is a smaller market where home prices tend to be more accessible than in many parts of Maine.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $235,000 home in Bangor would carry roughly $255/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Bangor is $1,150/month. The price-to-rent ratio in Bangor is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bangor offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Maine's MaineHousing First Home program.