Median Home PriceBETTER
$270,056.91
Median RentBETTER
$1,508.53/mo
Price-to-Rent RatioBETTER
14.9
Property Tax RateTIE
1.36%
Price Change (1Y)BETTER
+2.1%
Price Change (5Y)BETTER
+10.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$116,983
Median Home Price
$319,791.34
Median Rent
$1,552.12/mo
Price-to-Rent Ratio
17.2
Property Tax RateTIE
1.36%
Price Change (1Y)
+1.4%
Price Change (5Y)
+6.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$197,185
Key Differences
Home Prices
Bangor's median home price of $270,056.91 is lower than Lewiston's $319,791.34 by 16%.
Monthly Rent
Renting in Bangor costs $1,508.53/mo compared to $1,552.12/mo in Lewiston—a difference of $43.59/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.