House Prices

House Prices & Home Values Gorham, ME 2026


Average Data

average house price$511,600
average size per house2042 ft²
average price per ft²251 $ / ft²

04/05/2026 - The value range (VR) for house prices in Gorham, ME is $260/ sqft to $260/ sqft. An average home with 2042 sqft costs approximately $530,920 to $530,920. Gorham, ME includes 1 ZIP codes and it is located in Cumberland county. The lowest prices are found in ZIP 04038, while the highest are in ZIP 04038. The average price per sqare feet is $251. Our analysis is based on 27 property listings.

Avergage prices by ZIP codes Gorham

04038284 $ / ft²


House prices by neighborhoods in Gorham

Fort Hill242 $ / ft²
Gorham Village286 $ / ft²
Little Falls273 $ / ft²
Mosher Corner271 $ / ft²
North Gorham271 $ / ft²
South Gorham286 $ / ft²
West Gorham285 $ / ft²
White Rock235 $ / ft²




Historical development of home values in Gorham

Year Estimated value (USD) Change vs. 2025
2010 $237,596 -53.6%
2011 $228,408 -55.4%
2012 $227,793 -55.5%
2013 $236,308 -53.8%
2014 $248,058 -51.5%
2015 $260,789 -49.0%
2016 $274,399 -46.4%
2017 $289,209 -43.5%
2018 $305,199 -40.3%
2019 $319,350 -37.6%
2020 $335,859 -34.4%
2021 $382,003 -25.3%
2022 $445,330 -13.0%
2023 $469,621 -8.2%
2024 $496,790 -2.9%
2025 $511,600 0.0%

Graph: estimated home values in Gorham over time (USD)



Example: 100% financing house in Gorham

Loan amount: $511,600

Interest rate: 6.00%

Fixed monthly payment: $3,067.30

Breakdown in the 1st month:
Interest portion: $2,558.00  –  Principal portion: $509.30

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $30,525.10 $6,282.51 $505,317.49
2 $30,137.61 $6,670.00 $498,647.49
3 $29,726.22 $7,081.39 $491,566.10
4 $29,289.45 $7,518.15 $484,047.95
5 $28,825.75 $7,981.86 $476,066.09
6 $28,333.44 $8,474.16 $467,591.93
7 $27,810.78 $8,996.83 $458,595.10
8 $27,255.87 $9,551.73 $449,043.36
9 $26,666.74 $10,140.86 $438,902.50
10 $26,041.28 $10,766.33 $428,136.17
11 $25,377.23 $11,430.37 $416,705.79
12 $24,672.23 $12,135.37 $404,570.42
13 $23,923.75 $12,883.86 $391,686.56
14 $23,129.10 $13,678.51 $378,008.05
15 $22,285.44 $14,522.17 $363,485.89
16 $21,389.74 $15,417.86 $348,068.03
17 $20,438.80 $16,368.80 $331,699.22
18 $19,429.21 $17,378.39 $314,320.83
19 $18,357.35 $18,450.26 $295,870.57
20 $17,219.38 $19,588.23 $276,282.35
21 $16,011.22 $20,796.39 $255,485.96
22 $14,728.54 $22,079.06 $233,406.90
23 $13,366.76 $23,440.85 $209,966.05
24 $11,920.98 $24,886.63 $185,079.42
25 $10,386.02 $26,421.58 $158,657.84
26 $8,756.40 $28,051.21 $130,606.63
27 $7,026.26 $29,781.35 $100,825.28
28 $5,189.41 $31,618.19 $69,207.09
29 $3,239.27 $33,568.33 $35,638.76
30 $1,168.85 $35,638.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Gorham, ME


1500 sqft3900 sqft
Ø selling price$455,566$969,112
Ø fast selling$414,151$872,200
Ø high price sale$496,981$1,066,023

In 2026, houses in Gorham, ME will be offered at an average price of $251 per square foot. A 1,500 sqft home priced at $455,566 is 25.12% more expensive per square foot than a 3,900 sqft home priced at $969,112. Home prices in Gorham, ME vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $670,923. Sellers who can wait longer may achieve a higher price of up to $820,018.


Discover Gorham, Maine

Location and Lifestyle

Located just west of Portland, Gorham, ME blends small-town charm with easy access to urban amenities.
This growing community in Cumberland County is known for its walkable village center, local shops, and year-round events.

Education and Community

The University of Southern Maine (USM) Gorham campus anchors the town?s arts and academic life, bringing performances, athletics, and cultural programming.
Families appreciate Gorham?s well-regarded public schools and active civic organizations that foster a welcoming, neighborly vibe.

Outdoor Recreation

Outdoor lovers enjoy the Gorham Rail Trail, access to the Presumpscot and Little Rivers, and four-season recreation from biking and paddling to snowshoeing.
Nearby Sebago Lake and local preserves offer scenic picnic spots, birding, and miles of wooded trails.

Economy and Housing

Gorham?s diversified economy includes small manufacturers, service businesses, and a vibrant downtown dining scene that supports local entrepreneurs.
The Gorham, Maine real estate market offers historic homes, new subdivisions, and rental options, often at prices more attainable than neighboring Portland.

Travel and Nearby Attractions

Commuters benefit from Route 25, regional transit connections, and quick access to the Portland International Jetport (PWM) about 20 minutes away.
Day trips to Portland?s Old Port, the Southern Maine beaches, or the foothills of the White Mountains make Gorham a strategic base for work and play.



FAQ – Home Values in Gorham

What is the median home value in Gorham in 2026?

In 2026, the typical home value in Gorham is about $511,600 for an average home size of 2042 square feet. This corresponds to an average price of roughly $251 per square foot.

What is the average cost per square foot in Gorham?

In 2026, homes in Gorham sell for an average of around $251 per square foot, with a typical range between $260 and $260 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Gorham is about 2042 square feet, with an estimated 2026 value around $511,600.



Locations close to Gorham, ME

Gray, ME157 $ / ft²
Harrison, ME200 $ / ft²
Hiram, ME220 $ / ft²
Fryeburg, ME156 $ / ft²
Freeport, ME216 $ / ft²
East Waterboro, ME274 $ / ft²
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