The Most Affordable Neighborhoods in Downtown Durham, Durham, NC by Home Value

 

Downtown Durham, Durham, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Durham area can be challenging. Home prices in Downtown Durham are now at a median cost of $549,873, higher than the Durham average of $416,855.

The average cost of rent is $1,434/mo in Downtown Durham, primarily driven by the current value of real estate in the Downtown Durham area. In Downtown Durham, 79.28% of households rent, and 33.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Durham is $6,808 per month. Households that rent pay about 21.06% of their income on rent here. Downtown Durham’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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