Gorman, NC Real Estate

According to census data in the year 2000 there were 425 housing units in Gorman. This represents a 3.8% decline from 442 in 1990.

Of those housing units, 272 were located in either urbanized areas or urban clusters, and 153 were located in what is classified as a rural area.

Homeownership rate in Gorman is about 73.5%. Gorman's vacancy rate, including seasonal lodging, is about 4.2%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Gorman were built after 1964.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.80%
Two Bedrooms32.70%
Three Bedrooms56.90%
Four Bedrooms4.70%
Five Bedrooms or more1.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1969
Median Value of occupied units$129,700
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1955
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan24.10%
Simple Mortgage20%
Debt Free52.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.4%