Foreclosure Homes in Durham, NC 27706

Current Market Conditions in Durham, NC

Currently, Durham’s real estate market is experiencing heightened interest due to its rapidly growing economy and desirable living conditions. Home prices have increased steadily over the past few years, with many buyers drawn by the city's mix of historic charm and modern conveniences. Consequently, the market is characterized by a competitive environment with a variety of options for both buyers and renters.

Rental properties are in demand, particularly among students and young professionals, contributing to a robust market. The influx of tech companies and educational institutions further strengthens the area's appeal, influencing both the residential and commercial real estate sectors.

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.