Much like the surrounding areas, it is substantially less expensive compared to the rest of the nation. Compared to the city of Portland, it's significantly less expensive.
Home prices
Gorham's median home price is $139,100. In comparison to other places in this area this is roughly $3,220 (2%) lower.Compared to the US as a whole it is approximately $78,400 (36%) lower, and in comparison to the city of Portland it is approximately $149,900 (51%) lower.
Rents
Gorham's median rent is $683 per month. It is about $104 (13%) lower compared to other places in this area.Compared to the United States as a whole it is approximately $379 (35%) lower, and compared to the city of Portland it is roughly $441 (39%) lower.
Nearby places
Berlin
Berlin is approximately 6 miles northwest from Gorham. The real estate prices there are substantially less expensive. The median home value in Berlin is $92,100, which comes out to $47,000 (51%) lower than Gorham. The rent there is a bit more expensive. In Berlin the median monthly rent is $750, which is $67 (8%) higher than Gorham.
Lancaster
Lancaster is about 17 miles west from Gorham. Real estate prices there are a bit less expensive. The median home in Lancaster is valued at $126,900, which comes out to $12,200 (9%) lower than Gorham. The rent there is a little more expensive. The median monthly rent in Lancaster is $782, which works out to $99 (12%) higher than Gorham.
Whitefield
Whitefield is about 17 miles west from Gorham. Its real estate prices are a bit less expensive. The median home in Whitefield costs $115,700, which works out to $23,400 (20%) lower than Gorham. The rent there is pretty similar. Whitefield's median monthly rent is $716, which comes out to $33 (4%) higher than Gorham.
Groveton
Groveton is approximately 19 miles northwest from Gorham. Its housing prices are a lot less expensive. The median home in Groveton is valued at $70,600, which is $68,500 (97%) lower than Gorham. Its rents are fairly similar. The median rent in Groveton is $685 per month, which is very similar to Gorham.
North Conway
North Conway is approximately 21 miles south of Gorham. The real estate prices there are significantly more expensive. The value of the median home in North Conway is $306,300, which is $167,200 (54%) higher than Gorham. Rent there is somewhat more expensive. In North Conway the median rent is $1,001 a month, which is $318 (31%) higher than Gorham.
