The housing market in Durham, NY is vibrant and fast-growing. The median value of a house in Durham is $308,400, which is slightly lower than the national average of $338,100. However, the one year house appreciation rate for Durham has been 14.49%, compared to the US one year appreciation rate of 8.27%. This indicates that housing prices in Durham are increasing at a higher rate than the national average. With its competitive home values and strong appreciation, Durham is an attractive place to invest in real estate.
The median home cost in Durham is $308,400. Home appreciation the last 10 years has been 105.1%. Home Appreciation in Durham is up 23.6%.
Average Age of Homes
- The median age of Durham real estate is 53 years old
The Rental Market in Durham
- Renters make up 7.4% of the Durham population
- 0.0% 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.