Home prices
The median home in Gorham costs $262,100. In comparison to nearby areas this is about $38,620 (12%) lower.It is approximately $44,600 (20%) higher in comparison to the country as a whole, and is roughly $34,500 (15%) higher in comparison to the city of Manchester.
Rents
The median monthly rent in Gorham is $1,009. It is roughly $179 (15%) lower compared to its nearby areas.It is about $53 (4%) lower in comparison to the nation as a whole, and in comparison to the city of Manchester it is approximately $126 (11%) lower.
Nearby places
Westbrook
Westbrook is roughly 3 miles east of Gorham. Real estate prices there are a bit less expensive. The value of the median home in Westbrook is $232,900, which is $29,200 (12%) lower than Gorham. Its rents are similar. The median rent in Westbrook is $1,030 a month, which is $21 (2%) higher than Gorham.
Scarborough
Scarborough is roughly 7 miles southeast of Gorham. Its housing prices are somewhat more expensive. Scarborough's median home price is $295,800, which is $33,700 (11%) higher than Gorham. Rents there are a bit more expensive. In Scarborough the median monthly rent is $1,125, which is $116 (10%) higher than Gorham.
Portland
Portland is about 7 miles east from Gorham. Its housing prices are somewhat more expensive. The median home cost in Portland is $289,000, which is $26,900 (9%) higher than Gorham. Rent there is a bit more expensive. Portland's median rent is $1,124 a month, which is $115 (10%) higher than Gorham.
South Portland
South Portland is approximately 7 miles southeast from Gorham. The real estate prices there are fairly similar. The price of the median home in South Portland is $257,200, which comes out to $4,900 (1%) lower than Gorham. The rent there is a bit more expensive. The median rent in South Portland is $1,305 per month, which comes out to $296 (22%) higher than Gorham.
Falmouth
Falmouth is approximately 8 miles east from Gorham. Housing prices there are substantially more expensive. The value of the median home in Falmouth is $428,700, which is $166,600 (38%) higher than Gorham. Rent there is somewhat more expensive. In Falmouth the median monthly rent is $1,356, which works out to $347 (25%) higher than Gorham.
