Zip 04038 (Gorham, ME) Housing

In Gorham, Maine (zip code 04038), the median value for housing is $441,200, which is significantly higher than the national median value of $338,100. Additionally, the 1 year appreciation rate for houses in Gorham is 12.21%, which is higher than the national 1 year appreciation rate of 8.27%. This indicates that housing in Gorham has been steadily increasing in value over the past year and could remain a viable investment moving forward.

The median home cost in Gorham (zip 04038) is $441,200. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Gorham (zip 04038) is up 16.2%.

Average Age of Homes

- The median age of Gorham (zip 04038) real estate is 32 years old

The Rental Market in Gorham (zip 04038)

- Renters make up 16.0% of the Gorham (zip 04038) population
- 0.0% of houses and apartments in Gorham (zip 04038), 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, Maine	United States
	6,254.0	139,647,020.0
	37	42
	$441,200	$338,100
	16.2%	16.6%
	66.0%	57.0%
	95.8%	101.1%
	$12.89	$10.98
	$4,050	$2,690
	80.0%	57.4%
	2.6%	11.2%
	17.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.8%	0.4%
	0.0%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	2.1%	2.4%
	0.4%	2.8%
	0.3%	3.9%
	1.5%	4.5%
	2.5%	11.3%
	8.5%	13.0%
	29.1%	20.1%
	25.8%	13.6%
	16.5%	8.3%
	9.9%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.4%	13.6%
	12.4%	13.6%
	16.2%	13.6%
	13.4%	13.2%
	14.5%	14.8%
	16.2%	13.6%
	6.1%	10.0%
	3.5%	4.7%
	16.2%	12.2%

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