The housing market in Durham, OR is quite expensive, with a median value of $736,900. This is more than twice the US median house value of $338,100 and much higher than the 8.27% appreciation rate seen across the US over the past year. While still positive growth in Durham's housing market at 2.38%, it is significantly lower than the national average. In conclusion, homebuyers looking to purchase a property in Durham should expect to pay well above the national median house value for their dream home.
The median home cost in Durham is $736,900. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Durham is up 7.7%.
Average Age of Homes
- The median age of Durham real estate is 31 years old
The Rental Market in Durham
- Renters make up 37.9% of the Durham population
- 2.5% 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.