Gorham, ME has a median housing value of $447,200 which is significantly higher than the national median value of $338,100. This indicates that Gorham's housing market is much stronger than the national average. In addition to having higher home values, Gorham's 1 year house appreciation rate is 12.21%, which is more than 4% higher than national average of 8.27%. These figures suggest that Gorham shows strong trends in terms of its housing market and could be an attractive area for potential buyers or investors looking for growth potential in their real estate investments.
The median home cost in Gorham is $447,200. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Gorham is up 16.2%.
Average Age of Homes
- The median age of Gorham real estate is 32 years old
The Rental Market in Gorham
- Renters make up 16.0% of the Gorham population
- 0.0% of houses and apartments in Gorham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.