Durham, NC—27701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Durham, NC
As of Oct '25, the median home price in Durham, NC is $409,000, with a year-over-year change of -1.6%. This indicates that home prices in Durham, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | -1.6% |
| Single Family | $397,000 | -1.5% |
| Condos | $495,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 5.4% |
2 Bed | $345,000 | -0.9% |
3 Bed | $440,000 | -1.6% |
4 Bed | $701,000 | -1.5% |
| 5 Bed | $837,000 | -0.6% |
% of Housing Stock
Rental Trends — Durham, NC
As of July '25, Rentcast reports the average rent in Durham, NC is $1,850, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Durham, NC is studios: $1,460, 1-bedrooms: $1,600, 2-bedrooms: $2,120, 3-bedrooms: $2,750, 4-bedrooms: $2,950. The most common rental property sizes in Durham, NC are 1-bedroom and 2-bedroom, accounting for 39.0% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,690 | $1,850 |
| Studio Rent | $1,440 | $1,460 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,100 | $2,120 |
| 3 Bed Rent | $2,580 | $2,750 |
| 4 Bed Rent | $2,800 | $2,950 |
% of Rental Stock
Property Listings — Durham, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Durham, NC is 60. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $542,000 | -15.0% |
Listing Count | 177 | 14.0% |
| Listings as % of Homes | 1.2% | 14.0% |
Days on Market | 60 | -14.0% |
Demographics — Durham, NC
As of the latest ACS Survey released in 2023, Durham, NC has a population of 24,900, which has increased by 8.9% over the past 5 years. Durham, NC is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 8.9% |
% Under 18 | 17.0% | -24.4% |
% Seniors | 9.1% | 9.6% |
% WFH | 21.0% | 262.1% |
% w/ College Degree | 50.2% | 21.3% |
As of the latest ACS Survey released in 2023, Durham, NC is a predominantly white area, with 40.4% of the population identifying as white. The white population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Durham, NC is black, making up 32.4% of the population. Foreign-born residents account for 18.1% of the population in Durham, NC, and this percentage has increased by 9.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.4% | 14.1% |
% Black | 32.4% | -21.5% |
% Hispanic | 19.5% | 3.2% |
% Asian | 2.7% | 0.0% |
% Foreign Born | 18.1% | 9.7% |
Mortgage and Risk — Durham, NC
According to HUD data as of 2023, there were 299 mortgage originations in Durham, NC, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Durham, NC. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 8.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Durham, NC
As of 2024, the percent of homes in Durham, NC under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Durham, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,333 |
Total Units Section 8 | 852 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,600 | $1,430 |
| 2 Bedroom | -$460 | $2,100 | $1,640 |
| 3 Bedroom | -$540 | $2,580 | $2,040 |
| 4 Bedroom | -$340 | $2,800 | $2,460 |
Affordability — Durham, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $409,000 |
| Median Household Income | $66,900 |