Living in New Gloucester comes at a cost of $192,914. Home prices here marginally dropped 2.7 percent this year. During the same period, inventory noticeably declined by 21.7 percent, somewhat narrowing the range of options for buyers looking to move to this city. There are quite a few ranch-style homes in this city which make an excellent choice for smaller families or couples looking for low-maintenance properties on cozy lots. Classic and elegant stainless steel appliances are standard in many kitchens in this vicinity; the sleek, easy-to-maintain, and durable appliances last for years without ever going out of style. The outdoor landscaping in New Gloucester is well-manicured and lush, both on individual lots and on the community grounds.