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Learn about the people, housing, costs and businesses in Gorham, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Gorham.
True all-in cost — P&I, taxes, insurance & utilities for homes in Gorham.
Find and compare lenders active near Gorham.
As of today, the 30-year fixed mortgage rate for Gorham is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for GorhamThe median home value in Gorham is $105k. The median monthly rent is $721. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Gorham have increased 9.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gorham is $62k/year.
Calculate your buying powerThe largest employment sectors in Gorham are public administration (32%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.