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Foreclosure Homes in Gorham, ME

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10 Clay-rd-Gorham-ME-04038
Foreclosure
$179,000 List Price

Clay Rd
Gorham, ME 04038

3 Bed | 1 Bath | 1,008 Sq. Ft.

Nicoles-way-Gorham-ME-04038
Preforeclosure
$271,660 EMV

Nicoles Way
Gorham, ME 04038

2 Bed | 1 Bath | 1,176 Sq. Ft.

Robie-st-Gorham-ME-04038
Preforeclosure
$365,937 EMV

Robie St
Gorham, ME 04038

3 Bed | 2 Bath | 2,223 Sq. Ft.

Johnson-rd-Gorham-ME-04038
Preforeclosure
$247,180 EMV

Johnson Rd
Gorham, ME 04038

3 Bed | 1 Bath | 936 Sq. Ft.

N-gorham-rd-Gorham-ME-04038
Preforeclosure
$209,610 EMV

N Gorham Rd
Gorham, ME 04038

2 Bed | 1 Bath | 1,197 Sq. Ft.

Middle-jam-rd-Gorham-ME-04038
Preforeclosure
$267,835 EMV

Middle Jam Rd
Gorham, ME 04038

4 Bed | 1 Bath | 1,757 Sq. Ft.

Dingley-spring-rd-Gorham-ME-04038
Preforeclosure
$245,820 EMV

Dingley Spring Rd
Gorham, ME 04038

3 Bed | 1 Bath | 972 Sq. Ft.

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Foreclosure Homes in Gorham, ME

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Gorham, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gorham, ME and much more. Save thousands at closing with home foreclosure listings in Gorham, ME — up to 75% off market value!


Top Reasons To Live In Gorham, ME In 2021

Gorham is located in Cumberland, Maine, with an estimated municipal population of 17,582 residents. All of the best foreclosed homes for sale in Gorham are located in the following zip code areas on Foreclosure.com: 04038 04082. The estimated population per square kilometer (.62 miles) in Gorham is 134.


Cost Of Living In Gorham, ME

So, about how much do homes cost in Gorham? The most recent median value of resident-owned homes in Gorham is 265,709. An estimated 83.1 percent of households in Gorham own their homes, with an average family size of 3.26. The median household income in Gorham is 84,767, with43.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gorham, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Gorham? If so, the average rent price paid by renters in Gorham is 1,073, according to recent statistics.


Diversity And Demographics In Gorham, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Gorham, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Gorham is 35.8, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Gorham is 50.5, with an average family size of 3.26.

The percentage of residents who report their race in Gorham is as follows:

White 96.4%
Black / African American 0.7%
Asian 0.5%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.4%
Other 0.5%

Looking for family-friendly neighborhoods in and/or near Gorham? Or maybe you are searching for 55+ active adult communities in and/or near Gorham?

The percentage of residents who report their age in Gorham is as follows:

Under 10 12.8%
Aged 10-19 15.1%
20s 14.1%
30s 12.8%
40s 12.2%
50s 12.5%
60s 11.5%
70s 5.8%
80+ 3.1%

Best Schools In Gorham, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Gorham with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gorham.


Pros And Cons Of Living In Gorham, Maine

How do you know that living in -- or moving to -- Gorham is right where you need to be? Perhaps you grew up in Gorham or already live nearby; therefore, the decision to buy a home in Gorham is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gorham for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Gorham:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gorham.


Reasons To Move To Gorham, Maine, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gorham can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gorham, meanwhile, can field multiple offers from more qualified buyers.

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