Zip 27704 (Durham, NC) Housing

The housing market in Durham, NC (27704) is thriving. The median value of homes in the area is $283,900 which is significantly lower than the US house median value of $338,100. This has made it a great option for first time buyers and those looking to purchase an affordable home. Moreover, the 1 year house appreciation rate in Durham has been higher than the US average at 14.88%, making it a great investment option for those looking to increase their net worth through real estate.

The median home cost in Durham (zip 27704) is $283,900. Home appreciation the last 10 years has been 145.4%. Home Appreciation in Durham (zip 27704) is up 23.9%.

Average Age of Homes

- The median age of Durham (zip 27704) real estate is 35 years old

The Rental Market in Durham (zip 27704)

- Renters make up 41.6% of the Durham (zip 27704) population
- 1.6% of houses and apartments in Durham (zip 27704), 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
	16,607.0	139,647,020.0
	37	42
	$283,900	$338,100
	23.9%	16.6%
	81.4%	57.0%
	145.4%	101.1%
	$10.51	$10.98
	$1,889	$2,690
	54.1%	57.4%
	4.5%	11.2%
	41.4%	31.4%
Vacant Housing
	1.6%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	0.7%	2.4%
	0.6%	2.8%
	5.5%	3.9%
	3.2%	4.5%
	20.3%	11.3%
	28.7%	13.0%
	28.5%	20.1%
	6.3%	13.6%
	1.1%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.5%	13.6%
	22.5%	13.6%
	12.0%	13.6%
	12.7%	13.2%
	13.8%	14.8%
	12.0%	13.6%
	11.7%	10.0%
	5.2%	4.7%
	2.8%	12.2%

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