Zip 62940 (Gorham, IL) Housing

Housing in 62940 Gorham, IL is a great place to live with a median value of $50,900. Compared to the US median value of $338,100, Gorham housing is much more affordable. Additionally, the appreciation rate of Gorham's housing is 8.05%, which is slightly lower than the US average appreciation rate of 8.27%. All in all, living in 62940 Gorham, IL can be very beneficial for those looking for an affordable and stable real estate market.

The median home cost in Gorham (zip 62940) is $50,900. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Gorham (zip 62940) is up 14.3%.

Average Age of Homes

- The median age of Gorham (zip 62940) real estate is 47 years old

The Rental Market in Gorham (zip 62940)

- Renters make up 8.8% of the Gorham (zip 62940) population
- 0.0% of houses and apartments in Gorham (zip 62940), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gorham, Illinois	United States
	280.0	139,647,020.0
	59	42
	$50,900	$338,100
	14.3%	16.6%
	35.0%	57.0%
	35.3%	101.1%
	$20.04	$10.98
	$653	$2,690
	53.6%	57.4%
	13.2%	11.2%
	33.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	5.4%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	26.0%	2.6%
	52.0%	2.4%
	12.0%	2.8%
	0.0%	3.9%
	0.7%	4.5%
	1.3%	11.3%
	6.0%	13.0%
	0.0%	20.1%
	2.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.0%	13.6%
	0.0%	13.6%
	6.1%	13.6%
	6.8%	13.2%
	13.2%	14.8%
	6.1%	13.6%
	13.2%	10.0%
	10.4%	4.7%
	20.4%	12.2%

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