Durham, NC—27707
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 $415,000, with a year-over-year change of -0.7%. This indicates that home prices in Durham, NC are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | -0.7% |
| Single Family | $420,000 | -0.7% |
| Condos | $276,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $255,000 | 1.6% |
2 Bed | $278,000 | -1.4% |
3 Bed | $393,000 | -0.5% |
4 Bed | $652,000 | 0.8% |
| 5 Bed | $902,000 | 1.5% |
% of Housing Stock
Rental Trends — Durham, NC
As of July '25, Rentcast reports the average rent in Durham, NC is $1,580, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Durham, NC is studios: $1,370, 1-bedrooms: $1,320, 2-bedrooms: $1,580, 3-bedrooms: $2,040, 4-bedrooms: $2,760. The most common rental property sizes in Durham, NC are 2-bedroom and 1-bedroom, accounting for 52.1% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,580 |
| Studio Rent | $1,270 | $1,370 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,480 | $1,580 |
| 3 Bed Rent | $1,920 | $2,040 |
| 4 Bed Rent | $2,450 | $2,760 |
% 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 67. This is a increase of 24.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 2.0% |
Listing Count | 192 | 46.0% |
| Listings as % of Homes | 0.4% | 46.0% |
Days on Market | 67 | 24.0% |
Demographics — Durham, NC
As of the latest ACS Survey released in 2023, Durham, NC has a population of 50,900, which has remained stable by -0.6% over the past 5 years. Durham, NC is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,900 | -0.6% |
% Under 18 | 20.7% | -0.5% |
% Seniors | 14.3% | 30.0% |
% WFH | 18.2% | 295.7% |
% w/ College Degree | 56.9% | 14.7% |
As of the latest ACS Survey released in 2023, Durham, NC is a predominantly white area, with 40.5% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Durham, NC is black, making up 33.3% of the population. Foreign-born residents account for 15.9% of the population in Durham, NC, and this percentage has decreased by 9.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.5% | 4.1% |
% Black | 33.3% | -10.5% |
% Hispanic | 17.1% | 5.6% |
% Asian | 4.8% | 14.3% |
% Foreign Born | 15.9% | -9.7% |
Mortgage and Risk — Durham, NC
According to HUD data as of 2023, there were 495 mortgage originations in Durham, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Durham, NC. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 495 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Durham, NC
As of 2024, the percent of homes in Durham, NC under the Section 8 program is 4.1%. 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, 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 | 711 |
Total Units Section 8 | 480 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,300 | $1,630 |
| 2 Bedroom | $380 | $1,480 | $1,860 |
| 3 Bedroom | $400 | $1,920 | $2,320 |
| 4 Bedroom | $340 | $2,450 | $2,790 |
Affordability — Durham, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $415,000 |
| Median Household Income | $72,400 |