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  4. /Gorham, NH - 03581

Gorham, NH—03581

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$268,000
0.4% YoY Growth
Household Income
$61,400
0.7% YoY Growth
Days on Market
36
42.0% Shorter YoY
Home Price Forecast
2.0%
Median Rent
$1,650
1.8% YoY Growth
1-Bed Rent
$1,050
N/A
2-Bed Rent
$1,650
15.3% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gorham, NH

As of May '26, the median home price in Gorham, NH is $268,000, with a year-over-year change of -0.4%. This indicates that home prices in Gorham, NH are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$268,000-0.4%
Single Family $269,000-0.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$221,000-1.8%
    3 Bed
    		$292,000-0.3%
    4 Bed
    		$313,000-1.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    18.7%
    2 Bedrooms
    32.5%
    3 Bedrooms
    36.3%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    3.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,600
    Studio Rent N/AN/A
    1 Bed Rent $1,050$1,050
    2 Bed Rent $1,650$1,880
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.3%
    1 Bedroom
    46.8%
    2 Bedrooms
    33.9%
    3 Bedrooms
    12.4%
    4 Bedrooms
    5.5%

    Property Listings — Gorham, NH

    As of May '26, Realtor.com reports that the median days on market for a home in Gorham, NH is 36. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$340,000-24.0%
    Listing Count
    		1922.0%
    Listings as % of Homes0.4%22.0%
    Days on Market
    		36-42.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		3,2405.3%
    % Under 18
    		11.3%-27.6%
    % Seniors
    		31.5%31.8%
    % WFH
    		3.2%-36.0%
    % w/ College Degree
    		26.1%-2.6%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$340$1,050$710
    2 Bedroom-$720$1,650$930
    3 BedroomN/AN/A$1,230
    4 BedroomN/AN/A$1,240

    Affordability — Gorham, NH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$268,000
    Median Household Income$61,400

    Gorham, NH — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions