The typical owner-occupied home in Bangor is worth about $218,000, 18% below the Wisconsin median of $266,500 and 34% below the national median of $332,700. Owners pay a median $3,028 a year in property taxes, about 1.39% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $81,250 a year, so the median home costs 2.7 times the median income (3.4 times for Wisconsin). 69% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Bangor at a glance
| Bangor | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $218,000 | $266,500 | $332,700 |
| Median property tax paid per year | $3,028 | $3,792 | $3,119 |
| Property tax as a share of value | 1.39% | 1.42% | 0.94% |
| Median household income | $81,250 | $77,485 | $80,734 |
| Homes lived in by their owners | 69% | 68% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,478 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 19.5% | 21.0% |
| Median rent | $946 | $1,087 | $1,413 |
| Rent as a share of renters' income | 22.0% | 27.2% | 30.6% |
| Median year homes were built | 1979 | 1975 | 1980 |
| Vacant homes | 5.1% | 10.8% | 10.1% |
| Population | 1,517 | 5,914,872 | 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 $218,000 with 20% down costs about $1,517 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,880, 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 $64,995 for the 20%-down payment. That payment is 22% of the median Bangor household income of $81,250; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $946 a month, so owning the median home costs about $571 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,600 |
|---|---|
| Loan amount | $174,400 |
| Principal and interest | $1,173 |
| Property taxes (1.39% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,517 |
Change the numbers in the calculator
| Down payment | $7,630 |
|---|---|
| Loan amount | $214,051 |
| Principal and interest | $1,440 |
| Property taxes (1.39% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $96 |
| Total per month | $1,880 |
Change the numbers in the calculator
Questions about home buying in Bangor
What is the median home value in Bangor?
About $218,000 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 $3,028 a year, which is about 1.39% 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 $1,517 a month. Keeping that under 28% of gross income takes about $64,995 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