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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 $416,855, higher than the North Carolina average of $323,314.
The average cost of rent is $1,548/mo in Durham, primarily driven by the current value of real estate in the Durham area. In Durham, 43.70% of households rent, and 32.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Durham is $7,845 per month. Households that rent pay about 19.73% of their income on rent here. Durham’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gorman, NC: less expensive homes
- Chapel Hill, NC: equally priced homes
- Morrisville, NC: higher priced homes
- Carrboro, NC: higher priced homes
- North Side, NC: equally priced homes
- Hillsborough, NC: equally priced homes
- Grissom, NC: equally priced homes
- Efland, NC: less expensive homes
- Orange Grove, NC: less expensive homes
- Raleigh, NC: equally priced homes
Cities with Similar Populations
- Muncie, IN: less expensive homes
- Newark, NJ: equally priced homes
- Norcross, GA: less expensive homes
- New Britain, CT: less expensive homes
- New Rochelle, NY: higher priced homes
- North Hollywood, CA: higher priced homes
- New Port Richey, FL: less expensive homes
- Muskegon, MI: less expensive homes
- New Orleans, LA: less expensive homes
- Naples, FL: higher priced homes
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