According to statistics, the population in Durham, NC amounts to 274,497, which shows growth 2% compared to the previous year. The median age of the city’s residents is 34. The average household income is $54,840, shifting decline -3% from the past year, and the average property value in Durham, NC growth 1% to $232,600 throughout the year.
|Number Of Employees||150,131|
|Median Property Value||$232,600|
The average household income in Durham, NC declined from $56,375 to $54,840 in the past year. This data is an estimate based upon 112,342 households in Durham, NC . The chart below presents how household income is distributed in Durham, NC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Durham, NC shifted from $230,100 to $232,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Durham, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Durham, NC properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Durham, NC compared to median property taxes around the country. The prevalent amount of property taxes in Durham, NC equals $3000, which is less than the national average.
During Jan 2023, the average price for an apartment in/near Durham, NC decreased by 0.4% to $479,421.
Knowing the current property prices is key if you plan to buy a studio in Durham, NC. The average price for a studio has increased since the last month, currently being $473,884. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 12.2% to $175,000. Asking price for 2-bed apartment also decreased by 4.1% and a place of this size will now cost you $338,057. A 3-bed apartment goes for $420,247, it decreased by 0.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 3.2% and made it down to $789,538.
While assessing the property pricing Durham, NC, you can note that it remains flat with a price tag of $285,000. Price reports demonstrate that house price decreased by 2.1% this month making it up to $539,543. Condos faced an upward trend these days. The median price for a condo decreased by 6.1%, it’s now available for $369,439. An average value of duplex is $479,900, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it decreased by 0.1%, the price tag now starts at $510,889. The property value of townhouses decreased by 0.5%, you’ll have to spend around $477,545 to get one. The average price of the land for sale in Durham, NC has increased by 3.1%, and now equals $533,265. The price for other types of properties for sale has changed since Dec, increased by 0.1%. Now, the price is $470,045 on average.