Gorham, NH—03581
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gorham, NH
As of Oct '25, the median home price in Gorham, NH is $263,000, with a year-over-year change of 0.8%. This indicates that home prices in Gorham, NH are flat. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 0.8% |
| Single Family | $264,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 0.0% |
3 Bed | $286,000 | 0.0% |
4 Bed | $305,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gorham, NH
As of July '25, Rentcast reports the average rent in Gorham, NH is $1,600, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Gorham, NH is 1-bedrooms: $1,050, 2-bedrooms: $1,880. The most common rental property sizes in Gorham, NH are 1-bedroom and 2-bedroom, accounting for 46.8% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $1,650 | $1,880 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gorham, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Gorham, NH is 75. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -12.0% |
Listing Count | 21 | 38.0% |
| Listings as % of Homes | 0.4% | 38.0% |
Days on Market | 75 | 46.0% |
Demographics — Gorham, NH
As of the latest ACS Survey released in 2023, Gorham, NH has a population of 3,240, which has increased by 5.3% over the past 5 years. Gorham, NH is a less popular place for families, as children make up 11.3% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,240 | 5.3% |
% Under 18 | 11.3% | -27.6% |
% Seniors | 31.5% | 31.8% |
% WFH | 3.2% | -36.0% |
% w/ College Degree | 26.1% | -2.6% |
As of the latest ACS Survey released in 2023, Gorham, NH is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Gorham, NH is asian, making up 0.9% of the population. Foreign-born residents account for 2.1% of the population in Gorham, NH, and this percentage has decreased by 46.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.1% | 2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | -85.7% |
% Asian | 0.9% | -25.0% |
% Foreign Born | 2.1% | -46.2% |
Mortgage and Risk — Gorham, NH
According to HUD data as of 2023, there were 59 mortgage originations in Gorham, NH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Gorham, NH. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Gorham, NH
Gorham, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,050 | $710 |
| 2 Bedroom | -$720 | $1,650 | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Gorham, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $263,000 |
| Median Household Income | $61,400 |