Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gorham area can be challenging. Home prices in Gorham are now at a median cost of $311,958, higher than the Maine average of $243,042.
The average cost of rent is $1,249/mo in Gorham, primarily driven by the current value of real estate in the Gorham area. While nearly 25.70% of residents own their homes outright in Gorham, 21.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gorham is $7,699 per month. Households that rent pay about 16.22% of their income on rent here. Gorham's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Westbrook, ME: less expensive homes
- Buxton Center, ME: less expensive homes
- Shaw Mills, ME: less expensive homes
- Buxton, ME: less expensive homes
- West Buxton, ME: less expensive homes
- Standish, ME: less expensive homes
- Windham, ME: equally priced homes
- Portland, ME: higher priced homes
- Scarborough, ME: higher priced homes
- Salmon Falls, ME: less expensive homes
Cities with Similar Populations
- Brookfield, CT: higher priced homes
- Cedar Lake, IN: less expensive homes
- Cadillac, MI: less expensive homes
- Byron, GA: less expensive homes
- Bull Run, VA: less expensive homes
- Bryant, AR: less expensive homes
- Brooklyn, MD: less expensive homes
- Brookhaven, MS: less expensive homes
- Brookfield, IL: equally priced homes
- Southbridge Town, MA: less expensive homes
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