Durham, NC is an attractive city for those looking to buy a home. With a median value of $388,000, it is slightly higher than the US House Median Value of $338,100. What's more, the one year appreciation rate in Durham is 14.89%, which is significantly higher than the national home appreciation rate of 8.27%. Therefore investing in housing in Durham can be a great option for potential homeowners as they can expect to reap a significant return on their investment over time.
The median home cost in Durham is $388,000. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Durham is up 23.9%.
Average Age of Homes
- The median age of Durham real estate is 30 years old
The Rental Market in Durham
- Renters make up 45.9% of the Durham population
- 2.7% of houses and apartments in Durham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.