Home Values

Gorham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Gorham is $234, which is higher than the Rochester Metro average of $87. The median price of homes currently listed in Gorham is $375,000 while the median price of homes that sold is $145,500.

Foreclosures will be a factor impacting home values in the next several years. In Gorham 7.4 homes are foreclosed (per 10,000). This is greater than the Rochester Metro value of 3.7 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Gorham is 4.8%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Gorham homeowners underwater on their mortgage is 8.7%, which is higher than Rochester Metro at 8.3%.

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Relative ZHVI
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Gorham Market Overview

  • No data
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Gorham Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 8.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.4 homes(Jun 30, 2010) Gorham
3.7 homes Rochester Metro
3.9 homes United States
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $516,700
New York Metro $369,400
Washington Metro $347,500
Name Median ZHVI
Philadelphia Metro $192,100
Miami-Fort Lauderdale Metro $190,300
Chicago Metro $178,500
Name Median ZHVI
Houston Metro $154,700
Dallas-Fort Worth Metro $143,900
Atlanta Metro $140,300

Listings & Sales

Data through Jan 31, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 4.0% Listings with price cut
14.3%
Sold below listing
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Gorham Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,406 Gorham
    $1,409 Rochester Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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