Durham North Carolina Real Estate
Durham, North Carolina, may be best known for Duke University's homes, but it has a lot to offer home buyers in terms of quality of life, affordable prices, and a host of amenities. Adjacent to Research Triangle Park (RTP) in Durham, NC, properties are in high demand due to their proximity to Durham University and its research facilities.
Property prices in Durham are well below the national average, with an average price of $1,845,000. This appreciation is due to the fact that Durham properties continue to rise in value faster than most communities, despite a nationwide downturn in the property market.
Data from Neighborhoodscout shows Durham's recent annual rate of appreciation is 2.5%, or $1,845,000, higher than the national average of 2%. Relative to all North Carolinians, the data show that it is 1.7% above the state's 3.4% average annual growth rate.
Durham's properties have appreciated by 51.32% over the past five years, above the national average of 36.39%, putting it in the top 20% of the nation's property values. This explains why the same study says that Durham's real estate market is one of the best in North Carolina and the second best in the country. When the study takes into account how easy it is to sell a property and how long people stay in their homes, Durham comes in ninth place in terms of the median value of the home. According to data from Neighborhoodscout, Durham homes were worth $1,845,000, or $2,737 per square metre, in 2015, more than double the 2.5 per cent annual average growth rate. Over the past five decades, Durham has appreciated 36% and 39%, respectively, above the nation's average growth rates of 35.7%, putting it in the top 20% in the country for property valuations.
The median sales price in 2015 was $246K, up from $215K the year before, according to data from Neighborhoodscout. In December 2018, hot homes in Durham, NC, sold for more than $1.5 million above list price, and they can sell for about 1% below list price, and can be pending in about 29 days and sell at about 2.5% of list price.
If you are a real estate buyer or investor, Durham has the potential to be one of the best markets in North Carolina for real estate buyers and investors, as it is home to a large number of high-quality, high-priced properties. This means that those who invest in the Boston real estate market will experience appreciation that will guarantee them a long-term return on their investment. Experienced real estate investors who retire early in their lives learn to invest in Boston's high-quality real estate markets, such as Boston, New York City, and Boston College. If you are a property buyer or investor, if your house is in Durham, it has a great chance of being a good place for you and your family to live, work or holiday.
Durham has a variety of houses on the market, which makes it a great place for those looking to invest in properties that are student-designed. You could buy a property in the Boston real estate market, and it's a market where there will always be demand. Like Durham, Raleigh, NC's real estate market is landlord-friendly and contains a large number of high-quality properties with a long-term economic future.
You can also use the map view to find homes and apartments you want to buy before the plant closes in Durham, NC. House sales in Durham city centre are displayed in the category of the city in which Durham was selected.
Estate agents help you determine your listing price accurately, and local property market figures play a key role in determining whether or not you should price your home. If you understand your local market and neighborhood, you can determine the list prices accurately.
The median price for rent in Durham is $1,450, 5.2% above the national average for the same period. The median price of a one-bedroom apartment in the city of Durham was $245K in 2015, an increase of 7% over the previous year, with a trend upwards of $7,000 in 2014 and 6% over the previous year. In Durham, median household income is $151,500, the second highest in North Carolina, behind the median annual income of Chapel Hill, according to the U.S. Department of Housing and Urban Development (HUD). The median monthly income of a single-family home in Raleigh, NC's largest city, is 151%.
While the number of properties for sale on RealtyTrac is 485, there are 170 bank-owned properties in Durham, NC, according to the U.S. Department of Housing and Urban Development.
On this website you will find information about properties for sale in Durham, NC, as well as the City of Durham. For those looking for an overview of the area, there are results, such as a list of properties with the most recent sales prices. Descriptions, photos, demographics and statistics, including location, type of property, price, market value and more, are available from the RealtyTrac database.