Median home value in zip code 04038 (Gorham, ME) is $524,033, down 0.3% year over year. Part of the Portland-South Portland, ME metropolitan area.

Home Value$524,033

YoY Change

-0.3%

Prices falling — better for buyers.

Affordability

Enter your income for 04038 (Gorham).

Income (annual)

Down Payment

$104,807 on $524,033

Example: $75,000 household income. Change it above to see your own.

Out of reach53.5% of income

Need $143,314/yr to afford.

PITI$3,344

P/I53.5%

Afford$274K

Gap-$250K

P&I $2,650Tax $594Ins $100

6.50% 30yr, 20% down, county tax + ME ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

04038 is part of the Portland-South Portland, ME metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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