Bangor, MI housing market
The typical Bangor home is worth about $215,000, up 5.8% in a year, 19% below the Michigan typical home.
Home values, sales, trends and how Bangor compares with the towns next door — updated as new data is published.
Bangor at a glance
Typical home value, 2016–2026
Show as a table
| January | Bangor | Michigan |
|---|---|---|
| 2017 | $107,000 | $144,000 |
| 2018 | $112,000 | $155,000 |
| 2019 | $114,000 | $165,000 |
| 2020 | $127,000 | $175,000 |
| 2021 | $141,000 | $194,000 |
| 2022 | $156,000 | $217,000 |
| 2023 | $169,000 | $230,000 |
| 2024 | $184,000 | $241,000 |
| 2025 | $197,000 | $253,000 |
| 2026 | $209,000 | $262,000 |
| August 2026 | $215,000 | $266,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Bangor in 2025, all single-family houses. That's 0.1 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Bangor has permitted 67 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Bangor's population fell by 596 even though 50 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $341,000 |
| 2025 | 2 | 2 | 0 | $766,000 |
| 2024 | 4 | 4 | 0 | $1.6 million |
| 2023 | 8 | 8 | 0 | $2.5 million |
| 2022 | 3 | 3 | 0 | $671,000 |
| 2021 | 10 | 10 | 0 | $3 million |
| 2020 | 6 | 6 | 0 | $2.1 million |
| 2019 | 9 | 9 | 0 | $2.2 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 11 | 11 | 0 | $3.1 million |
| 2016 | 14 | 6 | 8 | $1.6 million |
| 2015 | 2 | 2 | 0 | $353,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 8 | 8 | 0 | $1.9 million |
| 2010 | 6 | 6 | 0 | $1.1 million |
| 2009 | 7 | 7 | 0 | $1.3 million |
| 2008 | 5 | 5 | 0 | $1.3 million |
| 2007 | 96 | 15 | 81 | $6 million |
| 2006 | 15 | 15 | 0 | $3.2 million |
| 2005 | 20 | 20 | 0 | $4.3 million |
| 2004 | 95 | 21 | 74 | $9.9 million |
| 2003 | 54 | 36 | 18 | $6.8 million |
| 2002 | 26 | 22 | 4 | $3.1 million |
| 2001 | 23 | 23 | 0 | $2.3 million |
| 2000 | 22 | 22 | 0 | $2.4 million |
How Bangor ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Bangor and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Bangor | $215K | +5.8% | $1,070 | 2 | $60,661 |
| Bay City | $128K | +5.2% | $1,010 | 0 | $49,420 |
| Kawkawlin | — | +9.3%† | $1,000 | 2 | $85,262 |
| Essexville | $166K | +5% | $990 | 0 | $75,341 |
| Monitor | $244K | +5.9% | $1,060 | 11 | $76,563 |
| Hampton | $238K | +8.5% | $990 | 4 | $51,728 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Bangor home costs about 3.5 years of the town's median household income, about the same as across Michigan (3.7).
How Bangor ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Bangor is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Bangor pay a median of $922, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $840 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48706; Bay City, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Bangor
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.