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These days, finding an affordable place to live in the Durham area can be challenging. Home prices in Durham are now at a median cost of $418,322, lower than the Connecticut average of $418,901.
The average cost of rent is $1,225/mo in Durham, primarily driven by the current value of real estate in the Durham area. In Durham, 6.93% of households rent, and 39.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Durham is $11,913 per month. Households that rent pay about 10.28% of their income on rent here. Durham’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middlefield, CT: equally priced homes
- North Guilford, CT: equally priced homes
- Little City, CT: equally priced homes
- Rockfall, CT: less expensive homes
- Higganum, CT: equally priced homes
- Middletown, CT: less expensive homes
- Wallingford Center, CT: less expensive homes
- Northford, CT: equally priced homes
- Wallingford, CT: equally priced homes
- Meriden, CT: less expensive homes
Cities with Similar Populations
- Falfurrias, TX: less expensive homes
- Evington, VA: less expensive homes
- Fair Plain, MI: less expensive homes
- Fairfield, IL: less expensive homes
- Fairfield, NJ: higher priced homes
- Fairlawn, OH: less expensive homes
- Fairmont, NC: less expensive homes
- Fairmount, CO: higher priced homes
- Fairview, NY: less expensive homes
- Everson, WA: higher priced homes
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