Quick facts: Gorham, KS

Quick Facts

97.6
Cost of Living
below US average
377
Population
53.05
Crime Rate per 1000
above US average
$56,786
Median Income
below US average
$165,000
Median House Price
above US average
$1299
Average Rent
below US average
9%
Poverty Rate
below US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,786.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($56,786) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1299/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($56,786) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gorham, KS

Gorham is a small city located in the northern part of Kansas, specifically within Barrington County. With a population of just over 200 residents, Gorham embodies the charm of rural American life. The town is characterized by its tight-knit community, where neighbors often know one another, fostering a friendly and welcoming atmosphere. One of the highlights of Gorham is its picturesque landscapes, featuring expansive fields and scenic views of the Kansas countryside. The area is primarily agricultural, with local farms contributing to the economy and offering a glimpse into the farming lifestyle. Gorham’s location provides easy access to larger cities, such as Hays to the west, where residents can find additional amenities, dining, and shopping options. Outdoor enthusiasts can explore nearby parks or partake in recreational activities such as hiking and fishing. Though small, Gorham offers a sense of tranquility and the beauty of simple living, making it an interesting stop for those exploring the heartland of Kansas.

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