Housing costs in Durham?
A typical home costs
$428,800, which is 26.8% more expensive than the national average of
$338,100 and 48.2% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,250 per month, which is 12.6% more than the national average of
$1,110 and close to the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27705), North Carolina, a minimum annual income of
$82,080 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Durham?
Durham, NC is an affordable place to live with a cost of living about 8% below the national average. The median home value in 27705 is approximately $210,000, and the median rent price for a two-bedroom residence is around $1,200 per month. Utilities are also reasonably priced, with the average monthly cost of electricity being approximately $100. Groceries are also affordable at an estimated 13% below the national average. All things considered, Durham is an excellent option for those looking for an affordable place to call home.