There are currently 5,953 real estate properties in Gorham, ME, with a median automated valuation model (AVM) price of $380,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gorham, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gorham, ME, is $383,479.00, with the most expensive house in Gorham, ME, topping out at $2,058,800.00 and the cheapest home in Gorham, ME, clocking in at $36,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Gorham, ME!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gorham, ME, is on a rollercoaster ride. The average rent price in Gorham, ME, is $1,558.00. Indeed, when looking to rent in Gorham, ME, you can expect to pay as little as $1,010.00 or as much as $2,580.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Gorham, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Gorham, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gorham, ME and much more. Save thousands at closing with home foreclosure listings in Gorham, ME — up to 75% off market value!
Gorham is located in Cumberland, Maine, with an estimated municipal population of 17,582 residents. All of the best foreclosed homes for sale in Gorham are located in the following zip code areas on Foreclosure.com: 04038 04082. The estimated population per square kilometer (.62 miles) in Gorham is 134.
So, about how much do homes cost in Gorham? The most recent median value of resident-owned homes in Gorham is 265,709. An estimated 83.1 percent of households in Gorham own their homes, with an average family size of 3.26. The median household income in Gorham is 84,767, with43.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gorham, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Gorham? If so, the average rent price paid by renters in Gorham is 1,073, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Gorham, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Gorham is 35.8, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Gorham is 50.5, with an average family size of 3.26.
The percentage of residents who report their race in Gorham is as follows:
|Black / African American||0.7%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Gorham? Or maybe you are searching for 55+ active adult communities in and/or near Gorham?
The percentage of residents who report their age in Gorham is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Gorham with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gorham.
How do you know that living in -- or moving to -- Gorham is right where you need to be? Perhaps you grew up in Gorham or already live nearby; therefore, the decision to buy a home in Gorham is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gorham for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Gorham:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gorham.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gorham can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gorham, meanwhile, can field multiple offers from more qualified buyers.