Gorman, NC housing market
The median sale price was $358,000 in April 2026.
Home values, sales, trends and how Gorman compares with the towns next door — updated as new data is published.
Gorman at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 56% in 5 years
The federal house price index for the ZIP code around Gorman rose 56% over the past 5 years, slower than across North Carolina (60%). Prices were about flat last year.
Show as a table
| Year | Change that year | Since 2000 | North Carolina since 2000 |
|---|---|---|---|
| 2025 | −0.2% | +208% | +159% |
| 2024 | +0.7% | +209% | +153% |
| 2023 | +9.1% | +207% | +141% |
| 2022 | +23% | +181% | +121% |
| 2021 | +16% | +129% | +83% |
| 2020 | +4% | +98% | +62% |
| 2019 | +8.5% | +90% | +56% |
| 2018 | +13% | +75% | +47% |
| 2017 | +12% | +55% | +39% |
| 2016 | +6.6% | +39% | +31% |
| 2015 | +5.4% | +30% | +26% |
| 2014 | +8.5% | +24% | +21% |
| 2013 | +1.6% | +14% | +18% |
| 2012 | −0.6% | +12% | +17% |
| 2011 | −6.4% | +13% | +20% |
| 2010 | −1.2% | +21% | +25% |
| 2009 | −4.3% | +22% | +32% |
| 2008 | +3% | +27% | +36% |
| 2007 | +4.6% | +24% | +34% |
| 2006 | +2.5% | +18% | +28% |
| 2005 | +1.3% | +15% | +19% |
| 2004 | +2.5% | +14% | +12% |
| 2003 | +1.6% | +11% | +8.3% |
| 2002 | +3.4% | +9.4% | +6.7% |
| 2001 | +5.8% | +5.8% | +4.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 27704, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Gorman and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gorman | — | −0.3%† | $1,690 | — | $47,297 |
| Durham | $390K | −3.4% | $1,790 | 4,483 | $81,619 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,690
HUD's Fair Market Rent for a two-bedroom in Gorman is $1,690 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gorman pay a median of $1,311, so moving in tends to cost more than staying put. A two-bedroom takes about 43% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,400 · 4 bedrooms $2,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27704; Durham-Chapel Hill, NC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, April 2026. 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.