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Durham, NC—27703

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$391,000
3.7% YoY Growth
Household Income
$87,000
43.9% YoY Growth
Days on Market
45
8.0% Longer YoY
Home Price Forecast
-0.4%
Median Rent
$1,750
5.3% YoY Growth
1-Bed Rent
$1,360
2.2% YoY Growth
2-Bed Rent
$1,710
0.0% YoY Growth
3-Bed Rent
$2,000
0.0% YoY Growth

Other Zip Codes in Durham, NC

277072771327705277042771227701
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Durham, NC

As of May '26, the median home price in Durham, NC is $391,000, with a year-over-year change of -3.7%. This indicates that home prices in Durham, NC are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$391,000-3.7%
Single Family $393,000-3.9%
Condos $190,000-5.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $238,000
    -8.8%
    2 Bed
    		$333,000-2.6%
    3 Bed
    		$363,000-3.7%
    4 Bed
    		$456,000-4.4%
    5 Bed $541,669-3.5%
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    6.7%
    2 Bedrooms
    22.2%
    3 Bedrooms
    51.8%
    4 Bedrooms
    14.8%
    5+ Bedrooms
    2.8%

    Rental Trends — Durham, NC

    As of July '25, Rentcast reports the average rent in Durham, NC is $1,780, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Durham, NC is studios: $1,280, 1-bedrooms: $1,330, 2-bedrooms: $1,710, 3-bedrooms: $2,080, 4-bedrooms: $2,470. The most common rental property sizes in Durham, NC are 2-bedroom and 3-bedroom, accounting for 35.5% and 34.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$1,780
    Studio Rent $1,350$1,280
    1 Bed Rent $1,360$1,330
    2 Bed Rent $1,710$1,710
    3 Bed Rent $2,000$2,080
    4 Bed Rent $2,400$2,470
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    % of Rental Stock

    Studio
    3.1%
    1 Bedroom
    17.5%
    2 Bedrooms
    35.5%
    3 Bedrooms
    34.8%
    4 Bedrooms
    8.9%
    5+ Bedrooms
    0.1%

    Property Listings — Durham, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Durham, NC is 45. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$414,000-3.0%
    Listing Count
    		57827.0%
    Listings as % of Homes1.2%27.0%
    Days on Market
    		458.0%
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    Demographics — Durham, NC

    As of the latest ACS Survey released in 2023, Durham, NC has a population of 63,000, which has increased by 23.1% over the past 5 years. Durham, NC is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		63,00023.1%
    % Under 18
    		22.7%-8.1%
    % Seniors
    		14.4%50.0%
    % WFH
    		18.4%425.7%
    % w/ College Degree
    		45.1%27.8%
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    As of the latest ACS Survey released in 2023, Durham, NC is a predominantly black area, with 40.3% of the population identifying as black. The black population has shrunk by 19.4% in the last 5 years. The second most common race or ethnicity in Durham, NC is white, making up 31.7% of the population. Foreign-born residents account for 15.5% of the population in Durham, NC, and this percentage has increased by 19.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		31.7%13.6%
    % Black
    		40.3%-19.4%
    % Hispanic
    		19.9%10.6%
    % Asian
    		4.6%64.3%
    % Foreign Born
    		15.5%19.2%
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    Mortgage and Risk — Durham, NC

    According to HUD data as of 2023, there were 1426 mortgage originations in Durham, NC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Durham, NC. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,426
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Durham, NC

    As of 2024, the percent of homes in Durham, NC under the Section 8 program is 7.8%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		778
    Total Units Section 8
    		681
    % Rentals under Section 8
    		7.8%
    % Occupied Section 8
    		82.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$290$1,360$1,650
    2 Bedroom$180$1,710$1,890
    3 Bedroom$350$2,000$2,350
    4 Bedroom$430$2,400$2,830

    Affordability — Durham, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$391,000
    Median Household Income$87,000

    Durham, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Brier Creek, Raleigh, NC

    27617

    Durham, NC

    27704

    North Raleigh, Raleigh, NC

    27613

    Durham, NC

    27701

    Morrisville, NC

    27560

    Frequently Asked Questions