Foreclosure Homes in Durham, NC

Current Market Conditions in Durham, NC

Durham's real estate market has experienced significant growth over the past few years, driven by an influx of buyers seeking the city's charming neighborhoods and quality of life. With a steady demand for homes, property values have consistently risen, attracting both investors and first-time homebuyers.

The rental market is also robust, as many individuals move to Durham for job opportunities in tech and healthcare sectors. The low unemployment rates and ongoing development projects indicate that the city will continue to grow.

Rent Prices In Durham, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Durham, NC, is on a rollercoaster ride. The average rent price in Durham, NC, is $1,445.00. Indeed, when looking to rent in Durham, NC, you can expect to pay as little as $530.00 or as much as $4,880.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Durham, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.