ZIP Code · ME

ZIP 04038

Part of Gorham, ME

Pop. 18,300·Cumberland County·10th most expensive ZIP in Maine

Median rent (all units)

$2,199/mo

Year-over-Year

Stable

Month-over-Month

-0.2%

vs US Median

+$267

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 04038 · $2,199

More expensive than 70% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,350

1 BR

$1,530

2 BR

$1,960

3 BR

$2,380

4 BR+

$2,600

Research median

$1,960/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($112,312) is $2,808 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,600).

From Zillow's monthly rent index (ZORI) for ZIP 04038. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,388/yr

At $2,199/mo median

Location

CityGorham

StateME

CountyCumberland County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 04038 (Gorham, ME) is majority owner-occupied, has a median income above the national average, 44.3% of residents hold a bachelor's degree or higher.

Population

18,300

Median income

$112,312

Median age

39.4

Renters

18.5%

Age distribution

20.9%

23.8%

26.3%

17.5%

Under 1820.9%

18–3423.8%

35–5426.3%

55–6411.6%

65+17.5%

Gender

46.1%

53.9%

Male46.1%

Female53.9%

Race & ethnicity

86.5%

White86.5%

Black0.8%

Hispanic2.1%

Asian2.5%

Other8.2%

Education (25+)

25.1%

28.3%

44.3%

No HS diploma2.3%

HS diploma25.1%

Some college28.3%

Bachelor's+44.3%

Housing tenure

81.5%

18.5%

Owner81.5%

Renter18.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 04038 in Gorham, ME has changed in 5 years

Income

$90,446 → $112,312

up 24.2%

Population

18,114 → 18,300

up 1.0%

Renter share

17.8% → 18.5%

+0.7 pts

Bachelor's+

44% → 44.3%

+0.3 pts

Median age

36.1 → 39.4

+3.3 yrs

Household income in the area moved from $90,446 to $112,312 across the same window, up 24.2% versus 2021. Census counts show ZIP 04038 in Gorham, ME adding about 186 residents over the five-year window, up 1.0% on net.

Community

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Local insights

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About renting in ZIP 04038

Last updated: October 17, 2026

ZIP code 04038 covers Gorham, ME. The median rent here is $2,199/mo as of October 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,960/mo.

At 23% of local median household income ($112,312/yr), ZIP 04038 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 04038?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (about $42/hour full-time) to afford the median rent of $2,199/mo in ZIP 04038. The local median household income is $112,312/yr, so the typical household meets that bar.