How much house does $500,000 buy you in Bangor?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Bangor?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Bangor right now. Listings below $500,000 were included if necessary.
20 Lakeman Ln, Eddington, ME 04428
- Price: $475,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,169
- See 20 Lakeman Ln, Eddington, ME 04428 on Redfin.com
2522 Western Ave, Newburgh, ME 04444
- Price: $449,999
- 5 bedrooms, 3 bathrooms
- Square feet: 2,002
- See 2522 Western Ave, Newburgh, ME 04444 on Redfin.com
29 Thompson Rd, Veazie, ME 04401
- Price: $480,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,548
- See 29 Thompson Rd, Veazie, ME 04401 on Redfin.com
514 Meadow Rd, Hampden, ME 04444
- Price: $475,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,800
- See 514 Meadow Rd, Hampden, ME 04444 on Redfin.com
153 Finson Rd, Bangor, ME 04401
- Price: $485,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,920
- See 153 Finson Rd, Bangor, ME 04401 on Redfin.com
36 Munn Dr, Hermon, ME 04401
- Price: $489,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,202
- See 36 Munn Dr, Hermon, ME 04401 on Redfin.com
23 Cromwell Dr, Orono, ME 04473
- Price: $469,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,662
- See 23 Cromwell Dr, Orono, ME 04473 on Redfin.com
1083 North Rd, Newburgh, ME 04444
- Price: $489,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,080
- See 1083 North Rd, Newburgh, ME 04444 on Redfin.com
73 Papermill Rd, Hampden, ME 04444
- Price: $449,000
- 4 bedrooms, 2 bathrooms
- Square feet: 3,680
- See 73 Papermill Rd, Hampden, ME 04444 on Redfin.com
714 W Old Town Rd, Old Town, ME 04468
- Price: $489,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,500
- See 714 W Old Town Rd, Old Town, ME 04468 on Redfin.com
56 3Rd St, Bangor, ME 04401
- Price: $474,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,364
- See 56 3Rd St, Bangor, ME 04401 on Redfin.com
3935 Union St, Levant, ME 04456
- Price: $450,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 1,921
- See 3935 Union St, Levant, ME 04456 on Redfin.com
64 Thomas Hill Rd, Bangor, ME 04401
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,200
- See 64 Thomas Hill Rd, Bangor, ME 04401 on Redfin.com
24 Granite Ledge Ln, Orrington, ME 04474
- Price: $475,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,103
- See 24 Granite Ledge Ln, Orrington, ME 04474 on Redfin.com
81 Robichaud Rd, Levant, ME 04456
- Price: $475,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,928
- See 81 Robichaud Rd, Levant, ME 04456 on Redfin.com
68 Bean Ests, Bangor, ME 04401
- Price: $485,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,904
- See 68 Bean Ests, Bangor, ME 04401 on Redfin.com
399 Pine Tree Rd, Levant, ME 04456
- Price: $465,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,500
- See 399 Pine Tree Rd, Levant, ME 04456 on Redfin.com
2443 Carmel Rd N, Newburgh, ME 04444
- Price: $450,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,240
- See 2443 Carmel Rd N, Newburgh, ME 04444 on Redfin.com
32 Charles Dr, Holden, ME 04429
- Price: $473,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,056
- See 32 Charles Dr, Holden, ME 04429 on Redfin.com
Lot 14 Boxwood, Hermon, ME
- Price: $449,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,826
- See Lot 14 Boxwood, Hermon, ME on Redfin.com
1957 Dixmont Rd, Etna, ME 04434
- Price: $449,753
- 3 bedrooms, 2 bathrooms
- Square feet: 1,710
- See 1957 Dixmont Rd, Etna, ME 04434 on Redfin.com
26 Knoll Crest Dr, Bangor, ME 04401
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,687
- See 26 Knoll Crest Dr, Bangor, ME 04401 on Redfin.com
218 Hay Rd, Hudson, ME 04449
- Price: $449,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,460
- See 218 Hay Rd, Hudson, ME 04449 on Redfin.com
1380 Kirkland Rd, Old Town, ME 04468
- Price: $447,700
- 3 bedrooms, 2 bathrooms
- Square feet: 1,410
- See 1380 Kirkland Rd, Old Town, ME 04468 on Redfin.com
36 Boxwood Ln, Hermon, ME 04401
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,344
- See 36 Boxwood Ln, Hermon, ME 04401 on Redfin.com
122 Chickadee Ln, Bangor, ME 04401
- Price: $474,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,653
- See 122 Chickadee Ln, Bangor, ME 04401 on Redfin.com
1719 Dixmont Rd, Etna, ME 04434
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,600
- See 1719 Dixmont Rd, Etna, ME 04434 on Redfin.com
372 Forest Ave, Orono, ME 04473
- Price: $495,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,512
- See 372 Forest Ave, Orono, ME 04473 on Redfin.com
8 Skips Way, T1 R9 Wels, ME 04462
- Price: $475,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,176
- See 8 Skips Way, T1 R9 Wels, ME 04462 on Redfin.com
1218 Upper Dobsis Rd, Lakeville, ME 04487
- Price: $499,900
- 1 bedroom, 1 bathroom
- Square feet: 416
- See 1218 Upper Dobsis Rd, Lakeville, ME 04487 on Redfin.com
