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Durham, NC—27713

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$426,000
3.4% YoY Growth
Household Income
$96,900
30.8% YoY Growth
Days on Market
37
5.0% Shorter YoY
Home Price Forecast
-0.3%
Median Rent
$1,510
4.2% YoY Growth
1-Bed Rent
$1,260
6.7% YoY Growth
2-Bed Rent
$1,550
1.9% YoY Growth
3-Bed Rent
$2,000
2.9% YoY Growth

Other Zip Codes in Durham, NC

277072770527703277042771227701
  • 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 $426,000, with a year-over-year change of -3.4%. This indicates that home prices in Durham, NC are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$426,000-3.4%
Single Family $431,000-3.8%
Condos $196,000-7.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $167,000
    -8.2%
    2 Bed
    		$269,000-6.3%
    3 Bed
    		$396,000-4.3%
    4 Bed
    		$553,000-2.3%
    5 Bed $747,969-2.4%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    11.1%
    2 Bedrooms
    23.9%
    3 Bedrooms
    39.3%
    4 Bedrooms
    17.5%
    5+ Bedrooms
    7.1%

    Rental Trends — Durham, NC

    As of July '25, Rentcast reports the average rent in Durham, NC is $1,600, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Durham, NC is studios: $1,480, 1-bedrooms: $1,260, 2-bedrooms: $1,560, 3-bedrooms: $2,120, 4-bedrooms: $2,450. The most common rental property sizes in Durham, NC are 2-bedroom and 1-bedroom, accounting for 44.0% and 26.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,510$1,600
    Studio Rent $1,550$1,480
    1 Bed Rent $1,260$1,260
    2 Bed Rent $1,550$1,560
    3 Bed Rent $2,000$2,120
    4 Bed Rent $2,450$2,450
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    % of Rental Stock

    Studio
    2.8%
    1 Bedroom
    26.3%
    2 Bedrooms
    44.0%
    3 Bedrooms
    22.9%
    4 Bedrooms
    3.8%
    5+ Bedrooms
    0.2%

    Property Listings — Durham, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Durham, NC is 37. This is a decrease of -5.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$425,000-7.0%
    Listing Count
    		2880.0%
    Listings as % of Homes0.6%0.0%
    Days on Market
    		37-5.0%
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    Demographics — Durham, NC

    As of the latest ACS Survey released in 2023, Durham, NC has a population of 58,400, which has increased by 6.9% over the past 5 years. Durham, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 65.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		58,4006.9%
    % Under 18
    		21.5%-5.7%
    % Seniors
    		11.2%2.8%
    % WFH
    		25.1%253.5%
    % w/ College Degree
    		65.2%6.2%
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    As of the latest ACS Survey released in 2023, Durham, NC is a predominantly white area, with 42.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Durham, NC is black, making up 35.3% of the population. Foreign-born residents account for 14.0% of the population in Durham, NC, and this percentage has increased by 7.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		42.0%-3.4%
    % Black
    		35.3%-4.9%
    % Hispanic
    		11.3%34.5%
    % Asian
    		6.5%-16.7%
    % Foreign Born
    		14.0%7.7%
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    Mortgage and Risk — Durham, NC

    According to HUD data as of 2023, there were 358 mortgage originations in Durham, NC, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Durham, NC. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		358
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		7.0%
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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 7.4%. 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
    		880
    Total Units Section 8
    		856
    % Rentals under Section 8
    		7.4%
    % Occupied Section 8
    		80.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$520$1,260$1,780
    2 Bedroom$490$1,550$2,040
    3 Bedroom$540$2,000$2,540
    4 Bedroom$610$2,450$3,060

    Affordability — Durham, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$426,000
    Median Household Income$96,900

    Durham, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Durham, NC

    27707

    Cary, NC

    27519

    Chapel Hill, NC

    27517

    Morrisville, NC

    27560

    Apex, NC

    27523

    Frequently Asked Questions