Durham, NC—27712
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 $425,000, with a year-over-year change of 0.9%. This indicates that home prices in Durham, NC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $425,000 | 0.9% |
| Single Family | $425,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $308,000 | -0.3% |
3 Bed | $382,000 | 0.3% |
4 Bed | $506,000 | 0.8% |
| 5 Bed | $587,000 | -0.3% |
% of Housing Stock
Rental Trends — Durham, NC
As of July '25, Rentcast reports the average rent in Durham, NC is $2,450, with a year-over-year rent change of 15.0%. Per bedroom, the median rent as of July '25 in Durham, NC is 2-bedrooms: $1,520, 3-bedrooms: $2,040, 4-bedrooms: $2,940. The most common rental property sizes in Durham, NC are 3-bedroom and 2-bedroom, accounting for 62.8% and 19.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,520 | $1,520 |
| 3 Bed Rent | $2,100 | $2,040 |
| 4 Bed Rent | $2,700 | $2,940 |
% 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 63. This is a increase of 13.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $486,000 | -10.0% |
Listing Count | 103 | 15.0% |
| Listings as % of Homes | 0.5% | 15.0% |
Days on Market | 63 | 13.0% |
Demographics — Durham, NC
As of the latest ACS Survey released in 2023, Durham, NC has a population of 23,500, which has increased by 11.6% over the past 5 years. Durham, NC is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 48.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 11.6% |
% Under 18 | 20.8% | -1.0% |
% Seniors | 21.5% | 7.5% |
% WFH | 18.3% | 215.5% |
% w/ College Degree | 48.6% | -2.0% |
As of the latest ACS Survey released in 2023, Durham, NC is a predominantly white area, with 63.1% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Durham, NC is black, making up 20.8% of the population. Foreign-born residents account for 8.8% of the population in Durham, NC, and this percentage has increased by 66.0% 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 | 63.1% | -9.3% |
% Black | 20.8% | 2.5% |
% Hispanic | 9.0% | 76.5% |
% Asian | 2.5% | 0.0% |
% Foreign Born | 8.8% | 66.0% |
Mortgage and Risk — Durham, NC
According to HUD data as of 2023, there were 537 mortgage originations in Durham, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Durham, NC. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Durham, NC
Durham, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,940 |
| 2 Bedroom | $700 | $1,520 | $2,220 |
| 3 Bedroom | $670 | $2,100 | $2,770 |
| 4 Bedroom | $630 | $2,700 | $3,330 |
Affordability — Durham, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $425,000 |
| Median Household Income | $91,200 |