Gorman First-Time Homebuyer Report for January

Gorman is an average-sized city in Texas with 1,083 residents. Also, it has seen a 0.7% decrease in population over the last 10 years. Gorman is made up of homes that are considered older than most with a median of 54 years. Heading the list of top schools in the city is Maxfield Elementary School.

Price Range

The median value of homes in Gorman is $57,000, making it one of the lower priced areas in Texas. At the same time, the average list price of available homes is presently $88,828. The Gorman market seems to have gone completely and unexpectedly quiet as no sales were reported over the previous 30 days. Gorman usually averages 0.6 sales per month.

Typical Dwelling

A three-bedroom detached home valued around $94,633 is considered a typical dwelling in Gorman. If a buyer was looking for a similar home, they would need good credit and a $18,927 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $125 and the property tax rate is $12.39 per $1,000 of taxable assessed value.

Get started right now by checking out Gorman homes for sale or reviewing Gorman real estate trends.


Data reported through 1/12/2017

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RE/MAX CrossRoad REALTORS
Snapped 2 homes in this area

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