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Housing in Gorman

Homes in Gorman

Home prices around Gorman have risen about 58% over the past 5 years.

2-bedroom rent
$1,010
a month, utilities in · HUD
What stands out

What stands out about housing in Gorman

Price trend

Home prices up 58% in 5 years

The federal house price index for the ZIP code around Gorman rose 58% over the past 5 years, faster than across Maryland (40%). Last year prices rose 2.8%.

Gorman areaMaryland
0%+50%+100%+150%+200%200020052010201520202025
+2.8%
past year
+58%
past 5 years
+83%
past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Gorman, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,010

Fair Market Rent a month, utilities included

Studio$880
1 bedroom$900
2 bedrooms$1,010
3 bedrooms$1,400
4 bedrooms$1,500

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Garrett County, MD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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