Why Live in Little Falls
Little Falls in Gorham, ME, is a neighborhood characterized by its residential streets branching off routes 237 and 202, leading into cul-de-sacs shaded by white pines. The area features spacious lots with front lawns, multiple-car driveways, and large backyards. Housing options include ranch-style homes, Capes, and colonials, with both single-family and multifamily properties available, though listings are rare. Little Falls is surrounded by acres of conservation land, with the Presumpscot River flowing from Sebago Lake, about 6 miles away, to Casco Bay. Hawkes Preserve and Shaw Park offer hiking trails and river access, while Gambo Preserve and St. Pierre Preserve provide fishing and winter sports opportunities. The Little Falls Activity Center includes pickleball courts, basketball hoops, and a multi-purpose gym. For shopping, residents can head to downtown Gorham, which has a Hannaford, Walgreens, and small shopping plazas, with larger stores like Walmart and Shaw’s located 8 miles away in Windham. Dining options in Little Falls are limited, but Red City Ale House and Backwoods Burger Shack are popular local spots. Gorham hosts annual events such as the Apple Blossom Festival and Blueberry Festival, along with a summer concert series and holiday tree lighting. The neighborhood relies on personal vehicles for transportation, with routes 202 and 237 providing connectivity. MaineHealth Maine Medical Center in Portland is the nearest hospital, 11 miles away, and Portland International Jetport is 10 miles away. Schools in the area include the highly rated Great Falls Elementary, Gorham Middle, and the private Waynflete School in Portland.
Frequently Asked Questions
Is Little Falls a good place to live?
Little Falls is a good place to live. Little Falls is considered very car-dependent and somewhat bikeable. Little Falls is a rural neighborhood. Little Falls has 6 parks for recreational activities. It is sparse in population with 1.3 people per acre and a median age of 39. The average household income is $130,298 which is above the national average. College graduates make up 40.9% of residents. A majority of residents in Little Falls are home owners, with 19.8% of residents renting and 80.2% of residents owning their home. A
local real estate agent serving Little Falls can help you decide if this neighborhood is the right one for you. Learn more on our
Little Falls neighborhood guide.
How much do you need to make to afford a house in Little Falls?
The median home price in Little Falls is $769,077. If you put a 20% down payment of $153,800 and had a 30-year fixed mortgage with an interest rate of 6.63%, your estimated principal and interest payment would be $3,940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $169K a year to afford the median home price in Little Falls. The average household income in Little Falls is $130K.
What are the best public schools in Little Falls?
The best public schools that serve Little Falls are:
What are the most popular zip codes in Little Falls, Gorham, ME?
What are the most popular neighborhoods near Little Falls, Gorham, ME?
Are home prices dropping in Little Falls?
Yes, home prices in Little Falls are down 33% in the last 12 months.
Home Trends in Little Falls, ME
On average, homes in Little Falls, Gorham sell after 35 days on the market compared to the national average of 70 days. The median sale price for homes in Little Falls, Gorham over the last 12 months is $690,000, down 41% from the median home sale price over the previous 12 months.
Median Sale Price
$690,000
Median Single Family Sale Price
$690,000
Average Price Per Sq Ft
$221
Number of Homes for Sale
0
Last 12 months Home Sales
14
Median List Price
$769,077
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-41%
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
