Home Values

Town of 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

$114,100

  • 0.3% 1-year change
  • None 1-year forecast

The median home value in Town of Gorham is $114,100. Town of Gorham home values have gone up 0.3% over the past year.

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 Town of Gorham is 1.8%, which is lower than the national value of 6.0%. 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 Town of Gorham homeowners underwater on their mortgage is 15.1%.

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Relative ZHVI
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Town of Gorham Market Overview

Data through May 31, 2015
  • $114,100 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No data Median sale price
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Town of Gorham Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 15.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Jackson $238,700
Bartlett $213,900
Jefferson $124,500
Name Median ZHVI
Milan $108,200
Town of Lancaster $107,500
Berlin $67,500

Listings & Sales

  • No data
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Town of Gorham Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,144 Town of Gorham
    $1,134 Berlin Metro
    $1,367 United States

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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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