Market Overview
Home Prices in Gorman, TX
The median home value in Gorman, TX is $140,846 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gorman are priced66% below average.
Price History
Gorman Home Price Trend
2022
$167,778
$168K
—
2023
$158,206
$158K
-5.7%
2024
$150,958
$151K
-4.6%
2025
$140,365
$140K
-7.0%
2026
$140,846
$141K
+0.3%
City Comparison
Gorman vs. National Median
🏠 Gorman
$140,846
National Median
$410,000
At $140,846, homes in Gorman cost 66% below the national median of $410,000. This makes Gorman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gorman?
20% Down Payment
$28,169
on $140,846
Monthly P&I
$735/mo
30-yr @ 6.8%
Total Monthly Est.
~$933/mo
incl. taxes & insurance
Income Needed
$37,320
gross annual (30% rule)
10% Down Option
$14,085
+ PMI applies
Loan Amount (20% dn)
$112,677
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gorman, TX?
The median home value in Gorman is $140,846 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Gorman?
Over the past year, home values in Gorman have increased by 0.3%.
How much do I need to earn to buy a home in Gorman?
To comfortably afford the median home price of $140,846 with a 20% down payment ($28,169) at today's rates (6.8%), you'd need a gross annual income of approximately $37,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Gorman compare to the national average home price?
The national median home value is approximately $410,000. At $140,846, homes in Gorman are 66% below the national average.