Market Overview
Home Prices in Bangor, MI
The median home value in Bangor, MI is $208,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and down 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bangor are priced49% below average.
Over the past five years, Bangor home values have risen by approximately15.8%, reflecting steady appreciation in this market.
Price History
Bangor Home Price Trend
2020
$156,216
$156K
—
2021
$179,968
$180K
+15.2%
2022
$193,917
$194K
+7.8%
2023
$185,137
$185K
-4.5%
2024
$200,586
$201K
+8.3%
2025
$195,278
$195K
-2.6%
2026
$208,354
$208K
+6.7%
City Comparison
Bangor vs. National Median
🏠 Bangor
$208,354
National Median
$410,000
At $208,354, homes in Bangor cost 49% below the national median of $410,000. This makes Bangor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bangor?
20% Down Payment
$41,671
on $208,354
Monthly P&I
$1,087/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,380/mo
incl. taxes & insurance
Income Needed
$55,200
gross annual (30% rule)
10% Down Option
$20,835
+ PMI applies
Loan Amount (20% dn)
$166,683
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bangor, MI?
The median home value in Bangor is $208,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Bangor?
Over the past year, home values in Bangor have increased by 6.7%. Over five years, prices have risen approximately 15.8%.
How much do I need to earn to buy a home in Bangor?
To comfortably afford the median home price of $208,354 with a 20% down payment ($41,671) at today's rates (6.8%), you'd need a gross annual income of approximately $55,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Bangor compare to the national average home price?
The national median home value is approximately $410,000. At $208,354, homes in Bangor are 49% below the national average.