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Foreclosure Homes in Durham, NC 27704

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Durham, NC Foreclosures

How much do homes sell for in Durham, NC?
The average home price is currently $509,876.
In Durham, NC, how many homes are available?
There are currently 67 active home listings available in Durham.
What’s the average rental cost in Durham, NC?
The average rental price in Durham is $1,450.
What is the most expensive home in Durham?
The most expensive home sold in Durham had a price of $129,872,228.
What is currently the cheapest priced home in Durham, NC?
The cheapest home for sale in Durham is priced at $10,379.

Living in Durham, NC

Durham, NC, is a thriving city that combines rich history with modern amenities. Known for its excellent educational institutions, diverse dining options, and a vibrant arts scene, Durham is attractive for families and professionals alike. The city's focus on community and sustainability makes it an ideal location for real estate investments.

Current Market Conditions in Durham, NC

The real estate market in Durham is currently experiencing a surge in demand, driven by a growing population and increasing job opportunities in the region. This trend has resulted in rising property values, making it a favorable environment for real estate investors looking for long-term growth.

Many neighborhoods within Durham are witnessing rapid development and gentrification, leading to a mix of historic homes and new construction. Investors can find opportunities in both single-family homes and multi-family units, with high rental demand from students and young professionals.

Home Value Estimator For Durham, NC

There are currently 88,640 real estate properties in Durham, NC, with a median automated valuation model (AVM) price of $400,722.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Durham, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Durham, NC, is $509,876.00, with the most expensive house in Durham, NC, topping out at $129,872,228.00 and the cheapest home in Durham, NC, clocking in at $10,379.00. In other words, there’s something for every potential homebuyer or savvy investor in Durham, NC!

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 $1,450.00. 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 $1,360.00. 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.

Durham, NC 27704 Foreclosures

Market Trend for Durham, NC

Total Listings Available: 67

Market Values:

Home Prices from $10,379 to $129,872,228

Average Sales Price: $509,876

Rental Values:

Rental from $530 to $4,880

Average Rent Value: $1,450 / month

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