The typical owner-occupied home in Bangor is worth about $378,400, 48% below the California median of $734,700 and 14% above the national median of $332,700. Owners pay a median $3,056 a year in property taxes, about 0.81% of their home's value, higher than the California rate of 0.70%. The median household earns $120,347 a year, so the median home costs 3.1 times the median income (7.4 times for California). 96% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Bangor at a glance
| Bangor | California | U.S. | |
|---|---|---|---|
| Median home value | $378,400 | $734,700 | $332,700 |
| Median property tax paid per year | $3,056 | $5,124 | $3,119 |
| Property tax as a share of value | 0.81% | 0.70% | 0.94% |
| Median household income | $120,347 | $99,122 | $80,734 |
| Homes lived in by their owners | 96% | 56% | 65% |
| Owner homes with a mortgage | 53% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,606 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1985 | 1976 | 1980 |
| Vacant homes | 20.4% | 7.5% | 10.1% |
| Population | 597 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Bangor
At this week's average 30-year rate of 7.11%, buying the median Bangor home of $378,400 with 20% down costs about $2,450 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,080, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $104,979 for the 20%-down payment. That payment is 24% of the median Bangor household income of $120,347; at that income and 20% down, the 28% guideline points to a home of about $434,000.
| Down payment | $75,680 |
|---|---|
| Loan amount | $302,720 |
| Principal and interest | $2,036 |
| Property taxes (0.81% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,450 |
Change the numbers in the calculator
| Down payment | $13,244 |
|---|---|
| Loan amount | $371,546 |
| Principal and interest | $2,499 |
| Property taxes (0.81% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $167 |
| Total per month | $3,080 |
Change the numbers in the calculator
Questions about home buying in Bangor
What is the median home value in Bangor?
About $378,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bangor?
Homeowners pay a median $3,056 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bangor?
For the median home with 20% down at 7.11%, the payment is about $2,450 a month. Keeping that under 28% of gross income takes about $104,979 a year.
More about Bangor
- Mortgage Refinance in Bangor
- Debt Relief in Bangor
- Home Equity Loans in Bangor
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data