What is the median home value in Gorham, ME?
The median value of owner-occupied homes in Gorham, ME is $460,900 (±$25,712), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Gorham, the median home value went from $268,700 in 2015–2019 to $460,900 in 2020–2024 (+71.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $460,900 (±$25,712)
- Owner-occupied homes
- 5,406 (±407)
- Most common range
- $300,000 to $499,999
Home values in Gorham
| Value | Gorham | Cumberland County | Maine | United States |
|---|---|---|---|---|
| Less than $50,000 | 5.7% (±2.7 points) | 2.9% | 5.6% | 5.3% |
| $50,000 to $99,999 | 0.6% (±0.6 points) | 1.8% | 6.7% | 6.1% |
| $100,000 to $149,999 | 1.6% (±1.5 points) | 1.9% | 7.6% | 6.8% |
| $150,000 to $199,999 | 2.7% (±2.0 points) | 2.7% | 10.1% | 9.0% |
| $200,000 to $299,999 | 7.7% (±2.4 points) | 12.2% | 20.6% | 17.8% |
| $300,000 to $499,999 | 39.8% (±6.5 points) | 37.8% | 29.5% | 26.9% |
| $500,000 to $999,999 | 39.3% (±5.7 points) | 33.4% | 16.5% | 20.9% |
| $1,000,000 or more | 2.7% (±2.4 points) | 7.2% | 3.3% | 7.1% |
The most common range is $300,000 to $499,999, 39.8% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Gorham against Cumberland County, its state and the nation
| Gorham | Cumberland County | Maine | United States | |
|---|---|---|---|---|
| Median home value | $460,900 (±$25,712) | $451,200 (±$5,798) | $296,600 (±$2,876) | $332,700 |
| Owner-occupied homes | 5,406 (±407) | 92,265 (±1,318) | 443,573 (±3,445) | 84,210,142 |
In Gorham, the median home value is not measurably different from Cumberland County ($451,200).
It is also higher than in Maine ($296,600).
It is higher than the national figure ($332,700).
In Cumberland County, Gorham ranks 13 of 28 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 33 of 472.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Gorham have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $268,700 (±$10,109) | $460,900 (±$25,712) | +71.5% | Up after inflation |
| Median owner cost with a mortgage | $1,802 (±$71) | $2,229 (±$115) | +23.7% | No measurable change after inflation |
| Median real estate taxes | $3,724 (±$148) | $4,825 (±$283) | +29.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Gorham
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Gorham | — | $460,900 (±$25,712) | — |
| South Windham | 3.3 mi | $314,300 (±$81,007) | Lower |
| Westbrook | 5.5 mi | $383,300 (±$18,783) | Lower |
| Buxton | 5.9 mi | $356,800 (±$20,528) | Lower |
| Windham | 7.1 mi | $388,900 (±$21,716) | Lower |
| Standish | 7.8 mi | $336,000 (±$18,004) | Lower |
| North Windham | 8.8 mi | $342,800 (±$28,840) | Lower |
| Hollis | 9.0 mi | $338,900 (±$26,545) | Lower |
| Oak Hill | 9.5 mi | $429,100 (±$32,335) | Not measurably different |
Nearby places with a measurably lower figure: South Windham, ME ($314,300), Westbrook, ME ($383,300), Buxton, ME ($356,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Cumberland County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 7 | Harpswell | $609,700 (±$59,710) |
| 8 | Scarborough | $551,900 (±$39,157) |
| 9 | Long Island | $551,100 (±$122,049) |
| 10 | Freeport | $508,400 (±$75,899) |
| 11 | North Yarmouth | $496,500 (±$44,649) |
| 12 | Portland | $489,600 (±$13,489) |
| 13 | Gorham | $460,900 (±$25,712) |
| 14 | South Portland | $441,200 (±$16,572) |
| 15 | Pownal | $436,800 (±$31,758) |
| 16 | Raymond | $395,800 (±$42,249) |
| 17 | Windham | $388,900 (±$21,716) |
| 18 | Westbrook | $383,300 (±$18,783) |
| 19 | Brunswick | $376,300 (±$15,350) |
Showing 13 of 28 places in Cumberland County, ranked from highest to lowest.
The figures for Gorham include the places inside it that have pages of their own: Gorham (community).
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Gorham
What is the average home value in Gorham, ME?
The Census Bureau publishes the median: $460,900 (±$25,712) for owner-occupied homes in Gorham (2020–2024 American Community Survey).
Have home values in Gorham gone up?
In Gorham, the median home value went from $268,700 in 2015–2019 to $460,900 in 2020–2024 (+71.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Gorham sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gorham town, Cumberland County, Maine
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gorham town, Cumberland County, Maine
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Gorham town, Cumberland County, Maine
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Gorham town, Cumberland County, Maine
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Gorham town, Cumberland County, Maine (county subdivision:28240, in state:23 county:005).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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