Durham, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Durham Neighborhoods Since 2000




Durham, NH 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 16,645, 3,116 total housing units (homes and apartments), and a median house value of $344,901, Durham house prices are not only among the most expensive in New Hampshire, Durham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Durham, accounting for 55.93% of the town's housing units. Other types of housing that are prevalent in Durham include large apartment complexes or high rise apartments ( 26.55%), duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), and a few row houses and other attached homes ( 7.96%).

Renters dominate Durham's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 1940-1969 ( 27.23%). A lesser amount of the housing stock also hails from before 1939 ( 13.63%). There's also some housing in Durham built between 2000 and later ( 12.33%).

Vacant housing appears to be an issue in Durham. Fully 12.08% of the housing stock is classified as vacant. Left unchecked, vacant Durham homes and apartments can be a drag on the real estate market, holding Durham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Durham Home Appreciation Rates

Appreciation rates for homes in Durham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.78%, which ranks in the top 50% nationwide. This equates to an annual average Durham house appreciation rate of 0.18%.

NeighborhoodScout's data show that during the latest twelve months, Durham's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Durham's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to New Hampshire, our data show that Durham's latest annual appreciation rate is higher than 60% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$344,901

Durham, NH HOME PRICES

Value Range
> $1,104,000 1.0
$828,001 - $1,104,000 0.4
$552,001 - $828,000 3.4
$442,001 - $552,000 12.6
$331,001 - $442,000 38.9
$221,001 - $331,000 39.2
$110,001 - $221,000 3.2
$55,001 - $110,000 0.0
$0 - $55,000 1.3

Very High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
12.5805695534982 14.6496815286624

Number Of Homes And Apartments:
3,116

Durham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.70% 2.12% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,441 / per month

Homeownership Rate

Homeownership
Owners 32.15
Renters 67.85
Vacant 12.08

Housing Market Details

 

Age of Homes

AGE OF Durham HOMES
2000 or Newer 12.3
1970 - 1999 46.8
1940 - 1969 27.2
1939 or Older 13.6

Types of Homes

TYPE OF Durham HOMES
Single-Family 55.9
Townhomes 8.0
Small Apt. Buildings 9.4
Apt. Complexes 26.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Durham HOMES
No Bedroom 4.03
1 Bedroom 12.39
2 Bedrooms 19.84
3 Bedrooms 26.24
4 Bedrooms 29.26
5 or more bedrooms 8.24