The housing market in Durham, CT is strong compared to the US House Median Value. The median value of housing in Durham, CT is $410,900, which is more than the US House Median Value of $338,100. In the past year, the US House Appreciation rate was 8.27%, while in Durham, CT it was 10.61%. This indicates that house prices are rising at a faster pace in this area than across the country as a whole. With such desirable real estate and high appreciation rates, it's no wonder why people are looking to invest and live in Durham, CT.
The median home cost in Durham is $410,900. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Durham is up 13.4%.
Average Age of Homes
- The median age of Durham real estate is 41 years old
The Rental Market in Durham
- Renters make up 8.4% of the Durham population
- 1.5% 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.