Gorham, NY is a desirable place to live, and this is evidenced by the median value of housing that sits at $278,900. This is significantly lower than the US median house value of $338,100 and demonstrates that homeowners in Gorham are able to purchase property for less than most parts of the country. The 1 year appreciation in Gorham was even higher than the US overall, coming in at 13.06% compared with 8.27%. This reflects a strong market and indicates that Gorham could be a great investment opportunity for potential homebuyers.
The median home cost in Gorham is $278,900. Home appreciation the last 10 years has been 66.9%. Home Appreciation in Gorham is up 13.6%.
Average Age of Homes
- The median age of Gorham real estate is 50 years old
The Rental Market in Gorham
- Renters make up 14.2% of the Gorham population
- 1.4% 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.