Zip 27703 (Durham, NC) Housing

The housing market in 27703 Durham, NC is doing well compared to the median value and appreciation rate of the US. The median value of housing in 27703 is $363,400, which is 7.3% higher than the US median house value of $338,100. What's more impressive is that in the past year, the housing appreciation rate in Durham has been 14.88%, over 6% higher than the 8.27% appreciation rate of housing nationwide. This indicates that 27703 Durham could be a great place to invest for those interested in real estate purchasing or renting.

The median home cost in Durham (zip 27703) is $363,400. Home appreciation the last 10 years has been 145.4%. Home Appreciation in Durham (zip 27703) is up 23.9%.

Average Age of Homes

- The median age of Durham (zip 27703) real estate is 23 years old

The Rental Market in Durham (zip 27703)

- Renters make up 33.0% of the Durham (zip 27703) population
- 1.8% of houses and apartments in Durham (zip 27703), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Durham, North Carolina	United States
	25,303.0	139,647,020.0
	20	42
	$363,400	$338,100
	23.9%	16.6%
	81.4%	57.0%
	145.4%	101.1%
	$9.73	$10.98
	$2,461	$2,690
	60.8%	57.4%
	5.4%	11.2%
	33.8%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.6%	0.4%
	0.4%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.5%	2.4%
	0.5%	2.8%
	0.7%	3.9%
	1.6%	4.5%
	10.7%	11.3%
	18.4%	13.0%
	29.4%	20.1%
	22.8%	13.6%
	8.3%	8.3%
	4.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	1.0%	0.2%
	23.1%	13.6%
	23.1%	13.6%
	11.6%	13.6%
	9.7%	13.2%
	7.9%	14.8%
	11.6%	13.6%
	4.4%	10.0%
	2.3%	4.7%
	3.9%	12.2%

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