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ZIP Code · ME

ZIP 04038

Part of Gorham, ME
Pop. 18,300·Cumberland County·12th most expensive ZIP in Maine
Median rent (all units)
$2,150/mo
Year-over-Year
Stable
Month-over-Month
-18.9%
vs US Median
+$185
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 04038 · $2,150
More expensive than 67% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$25,800/yr
At $2,150/mo median
Location
CityGorham
StateME
CountyCumberland County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -18.9% 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

Tips for renters in ZIP 04038

About renting in ZIP 04038

Last updated: July 20, 2026

ZIP code 04038 covers Gorham, ME. The median rent here is $2,150/mo as of July 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 is rent in ZIP code 04038?

As of July 20, 2026, the median monthly rent in ZIP 04038 (Gorham, ME) is $2,150. This is based on aggregated data from public sources and community submissions.

How does ZIP 04038 rent compare to the US average?

ZIP 04038's median rent of $2,150/mo is $185 (9%) above the US national median of $1,965/mo.

How does ZIP 04038 compare to other ZIPs in Maine?

ZIP 04038 falls in the middle range for Maine, ranking #12 out of 26 ZIPs at $2,150/mo.

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 $86,000/year (~$41/hour full-time) to afford the median rent of $2,150/mo in ZIP 04038. The local median household income is $112,312/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 04038?

Rent in ZIP 04038 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 04038 an affordable place to rent?

ZIP 04038 is considered very affordable for renters. At $2,150/mo, rent takes approximately 23% of the local median household income ($112,312/yr). The standard benchmark is 30%. ZIP 04038 falls comfortably within that range.

What percentage of ZIP 04038 residents rent vs. own?

According to Census data, approximately 18.5% of ZIP 04038 households are renters, while 81.5% are owner-occupied. ZIP 04038 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 04038 compare to the rest of Gorham?

ZIP 04038 sits right at the Gorham citywide median of $2,150/mo.

When was rent data for ZIP 04038 last updated?

Rent data for ZIP 04038 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,150/mo, rent takes ~23% of ZIP 04038's median household income ($112,312/yr). The standard benchmark is 30%.

ZIP 04038 23%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

Public schools near ZIP 04038 (Gorham, ME)

Recent submissions

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