Housing costs in Durham?
A typical home costs
$418,300, which is 23.7% more expensive than the national average of
$338,100 and 44.6% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,110 per month, which is 0.0% cheaper than the national average of
$1,110 and 13.5% cheaper than the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27709), North Carolina, a minimum annual income of
$80,280 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Durham?
The cost of living in 27709 Durham, NC is relatively high compared to other areas in the U.S. The median home value in this zip code is around $220,200, and the median rent is approximately $1,250 per month. Groceries and utilities are slightly higher than average, but overall these costs are moderate when compared to nearby cities like Raleigh and Chapel Hill. Other major expenses like transportation can be more expensive due to the location of Durham being nestled between three larger cities. Despite its high costs, Durham is an attractive area to live due to its convenient location for travel and excellent quality of life opportunities.