Housing in Durham, NC (27712) is more expensive than the United States average. The median value of housing in the area is $393,000 compared to the US house median value of $338,100. In addition to being more expensive, housing in Durham has also appreciated at a faster rate than the national average. Over the last year, appreciation for homes in Durham has been 14.88%, compared to 8.27% for the US as a whole. This makes it an attractive option for those looking to buy or invest in real estate in this region.
The median home cost in Durham (zip 27712) is $393,000. Home appreciation the last 10 years has been 145.4%. Home Appreciation in Durham (zip 27712) is up 23.9%.
Average Age of Homes
- The median age of Durham (zip 27712) real estate is 30 years old
The Rental Market in Durham (zip 27712)
- Renters make up 9.3% of the Durham (zip 27712) population
- 0.0% of houses and apartments in Durham (zip 27712), 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.