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Gorham

Learn about the people, housing, costs and businesses in Gorham, Kansas

Median Home$105,600
Median Rent$728/month
Population406
Leading IndustriesFinance & Insurance · Information & Media · Education8% finance & insurance
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults33% of residentswell above average
Homeowners80% of occupied units
NotableAffordable Market$106k median home · lower cost than 90% of the country
Gorham
KS

Frequently Asked Questions

What are today's mortgage rates in Gorham?

As of today, the 30-year fixed mortgage rate for Gorham is approximately 6.910% (6.947% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gorham?

The median home value in Gorham is $106k. The median monthly rent is $728. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gorham?

Home values in Gorham have increased 14.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gorham?

Based on a typical all-in ownership cost of $703/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gorham is $66k/year.

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What industries drive the economy in Gorham?

The largest employment sectors in Gorham are public administration (22%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.