Living in Gorham, ME
Gorham, ME is a delightful suburban town known for its community spirit, great schools, and outdoor recreational opportunities. Its close proximity to Portland offers residents the benefit of a peaceful hometown feeling while still having access to urban amenities. With a variety of local shops, parks, and community events, Gorham provides an enjoyable and fulfilling lifestyle.
Current Market Conditions in Gorham, ME
The real estate market in Gorham, ME, has shown positive growth over the last year, with an increase in home prices due to high demand and limited inventory. Many buyers are attracted to the town for its excellent school system and family-friendly environment. As more people recognize the benefits of living in Gorham, the market is expected to continue this upward trend, making it a good area for investment.
In recent months, Gorham's housing market has shifted slightly, with a noticeable increase in inventory as more homeowners look to sell. Prices have stabilized, providing opportunities for first-time buyers and families seeking larger homes. However, competition remains, particularly for homes in desirable neighborhoods, making it essential for buyers to act quickly.
Home Value Estimator For Gorham, ME
There are currently 6,225 real estate properties
in Gorham, ME,
with a median automated valuation model (AVM) price
of $515,140.00. 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 $522,556.00, with the most expensive house
in Gorham, ME, topping out
at $5,510,046.00 and the cheapest home
in Gorham, ME,
clocking in at $33,764.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gorham, ME!
Rent Prices
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 $1,508.00. Indeed, when looking to rent in
Gorham, ME, you can expect to pay as little
as $780.00 or as much
as $2,610.00,
with the average rent median estimated to
be $1,520.00. 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.
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