The housing market in 27703 Durham, NC is doing well compared to the median value and appreciation rate of the US. The median value of housing in 27703 is $363,400, which is 7.3% higher than the US median house value of $338,100. What's more impressive is that in the past year, the housing appreciation rate in Durham has been 14.88%, over 6% higher than the 8.27% appreciation rate of housing nationwide. This indicates that 27703 Durham could be a great place to invest for those interested in real estate purchasing or renting.
The median home cost in Durham (zip 27703) is $363,400. Home appreciation the last 10 years has been 145.4%. Home Appreciation in Durham (zip 27703) is up 23.9%.
Average Age of Homes
- The median age of Durham (zip 27703) real estate is 23 years old
The Rental Market in Durham (zip 27703)
- Renters make up 33.0% of the Durham (zip 27703) population
- 1.8% of houses and apartments in Durham (zip 27703), 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.