We prove explicit formulas for certain first and second moment sums of families of Gaussian hypergeometric functions $_{n+1}F_n$, $n\ge1$, over finite fields with $q$ elements where $q$ is an odd prime. This enables us to find an estimate for the value $_6F_5(1)$. In addition, we evaluate certain second moments of traces of the family of Clausen elliptic curves in terms of the value $_3F_2(-1)$. These formulas also allow us to express the product of certain $_2F_1$ and $_{n+1}F_n$ functions in terms of finite field Appell series which generalizes current formulas for products of $_2F_1$ functions. We finally give closed form expressions for sums of Gaussian hypergeometric functions defined using different multiplicative characters.