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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 $614,100, higher than the Pennsylvania average of $288,156.
The average cost of rent is $1,175/mo in Durham, primarily driven by the current value of real estate in the Durham area. In Durham, 8.72% of households rent, and 41.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Durham is $9,705 per month. Households that rent pay about 12.11% of their income on rent here. Durham’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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