Bangor, ME home prices
Typical home $277,445 · +2.0% in a year · income needed $81,400
The Bangor, ME metro area ranks 372 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.0% in a year and +31.4% over five years. With 20% down at 7.11%, the typical home costs about $1,900 a month including 1.16% property tax (Penobscot County rate).
Mortgage on the typical Bangor home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $55,489 | $221,956 | $1,493 | $0 | $407 | $1,900 | $81,400 |
| 10% down | $27,744 | $249,700 | $1,680 | $104 | $407 | $2,190 | $93,900 |
| 5% down | $13,872 | $263,573 | $1,773 | $110 | $407 | $2,290 | $98,100 |
| 3.5% down (FHA) | $9,711 | $272,420 | $1,833 | $123 | $407 | $2,362 | $101,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Bangor area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Penobscot County, ME | $277,437 | +2.0% | 1.16% |
What can you afford in Maine on your salary? · Maine home prices · Salaries in Maine
Frequently asked questions
How much is a house in Bangor?
The typical home in the Bangor, ME metro area is worth $277,445 (Zillow, September 2026).
What salary do you need to buy a house in Bangor?
About $81,400 a year for the typical home with 20% down at 7.11%.