Durham NC

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Durham, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Durham Housing Market Information

With a population of 274,291, 104,966 total housing units (homes and apartments), and a median house value of $261,886, Durham real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Durham, accounting for 53.07% of the city's housing units. Other types of housing that are prevalent in Durham include large apartment complexes or high rise apartments ( 29.96%), row houses and other attached homes ( 9.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.14%).

The most prevalent building size and type in Durham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.98% owning and 51.02% renting.

There is a lot of housing in Durham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Durham built between 2000 and later ( 28.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.75%). There's also some housing in Durham built before 1939 ( 6.51%).

Durham Home Appreciation Rates

In the last 10 years, Durham has experienced some of the highest home appreciation rates of any community in the nation. Durham real estate appreciated 48.04% over the last ten years, which is an average annual home appreciation rate of 4.00%, putting Durham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Durham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Durham that despite a nationwide downturn in the housing market, Durham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Durham appreciation rates continue to be some of the highest in America, at 7.19%, which is higher than appreciation rates in 91.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Durham. Durham appreciation rates in the latest quarter were at 0.19%, which equates to an annual appreciation rate of 0.78%.

Notably, Durham's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Durham's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Durham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Durham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Durham real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,378,000 0.6
$1,033,001 - $1,378,000 0.7
$689,001 - $1,033,000 3.0
$551,001 - $689,000 3.7
$413,001 - $551,000 9.3
$276,001 - $413,000 23.2
$138,001 - $276,000 43.3
$69,001 - $138,000 13.1
$0 - $69,000 3.0

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
25.792700729927 18.8405797101449

Number Of Homes And Apartments:

Durham Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
81.74% 3.07%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,349 / per month

Homeownership Rate

Owners 48.98
Renters 51.02
Vacant 7.57

Housing Market Details


Age of Homes

2000 or Newer 28.1
1970 - 1999 44.7
1940 - 1969 20.8
1939 or Older 6.5

Types of Homes

Single-Family 53.1
Townhomes 9.0
Small Apt. Buildings 7.1
Apt. Complexes 30.0
Mobile Homes 0.8
Other 0.0

Home Size

No Bedroom 2.46
1 Bedroom 15.21
2 Bedrooms 28.33
3 Bedrooms 36.76
4 Bedrooms 14.02
5 or more bedrooms 3.22