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Despite the overall housing slump, real estate experts in Bangor continue to express optimism over the strength of the city’s housing market. The estimated average listing price for homes during the first week of March 2009 was $200,385, slightly higher than the figure reported a month earlier. There are a total of 378 homes on resale in Bangor and only 3 properties are up for foreclosures. This further indicates the strength of the real estate sector in Bangor. With its diversified economy and expected steady growth, the city is still an attractive prospect for relocation in the area. Bangor is also considered an excellent city to raise a family in, with good schools, friendly neighborhoods, and lots of open spaces for recreation.

Bangor, Maine

Bangor is a city in Maine, the county seat of Penobscot County. It has an estimated population of a little under 32,000 and is considered the third largest city in the state. It is located along the Penobscot River, and is also bisected by the Kenduskeag Stream. Across the river is the city of Brewer. The city supports a thriving lumber industry, with an extensive, heavily forested area located just north of it. The city also boasts of a strong, diversified economy and is considered the center of commercial activities in the area. Among the large industries in Bangor are retail, services, manufacturing, financial services, construction, and the government sector. Commercial shipping and trucking are also major sectors of the city’s economy, with its proximity to the East Coast and to the neighboring country, Canada. Bangor is also the gateway to those who wish to visit and explore the Acadia National Park, known for spectacular natural beauty and numerous wildlife. All these have served to sustain growth and development in the city as well as keep its unemployment rate low. There are also several institutions of higher education in the city, such as the University College of Bangor, the Husson University, Beal College, the Bangor Theological Seminary, and the nearby University of Maine.

Most people stay with the same homeowners insurance company their entire life. You could be paying too much unless your insurance company has customer loyalty discounts. To save money, you should shop your rates around periodically. We can help. If you live in Bangor, Maine and would like to compare your homeowners insurance rates, enter your zip code above and click the go button. We will help you find cheap homeowners insurance rates. Best of all - it's free!


Current Bangor Weather: Partly Cloudy, 80 F