Durham, NC—27713
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 $428,000, with a year-over-year change of -1.3%. This indicates that home prices in Durham, NC are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $428,000 | -1.3% |
| Single Family | $433,000 | -1.4% |
| Condos | $202,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $174,000 | -7.4% |
2 Bed | $275,000 | -3.8% |
3 Bed | $399,000 | -1.7% |
4 Bed | $550,000 | -0.5% |
| 5 Bed | $743,000 | -0.8% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 57. This is a increase of 19.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -12.0% |
Listing Count | 287 | 35.0% |
| Listings as % of Homes | 0.6% | 35.0% |
Days on Market | 57 | 19.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,400 | 6.9% |
% Under 18 | 21.5% | -5.7% |
% Seniors | 11.2% | 2.8% |
% WFH | 25.1% | 253.5% |
% w/ College Degree | 65.2% | 6.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $428,000 |
| Median Household Income | $96,900 |