Durham, NC has a population of 274,497, while the median age is 34. The household income in Durham, NC is around $54,840. The homeownership rate among the residents is 51%. The median residential property value in Durham, NC that you should keep in mind is $232,600.
Population | 274,497 |
Median Age | 34.1 |
Poverty Rate | 17% |
Household Income | $54,840 |
Number Of Employees | 150,131 |
Median Property Value | $232,600 |
Rent Price |
Apr | vs Last Month |
---|---|---|
Studio apartments | $3,879 | +159.8% |
1-bed apartments | $2,804 | +76.9% |
2-bed apartments | $3,375 | +71.2% |
3-bed apartments | $3,967 | +92.2% |
4+ bed apartments | $6,925 | +169.4% |
Over the April 2023, the average rent for an apartment in/near Durham, NC increased by 93.6% to $3,835.
Compared to the last month, the average price for a rental studio in Durham, NC has increased by 159.8%. You can expect to rent the studio for $3,879 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 76.9% to $2,804. Pricing for 2-bed apartment also increased by 71.2% and a place of this size will now cost you $3,375. 3-bed apartment rent pricing starts at $3,967, it increased by 92.2% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 169.4% and made it up to $6,925.
Rent Type Price |
Apr | vs Last Month |
---|---|---|
Houses for rent | $4,553 | +120.1% |
Townhouses for rent | $4,152 | +228.4% |
Condos for rent | $4,193 | +162.3% |
Apartments for rent | $2,872 | +43.9% |
The median rent for an apartment in Durham, NC increased by 43.9% to $2,872. Statistics show that house rent price increased by 120.1% this month making it up to $4,553. Condos faced an upward trend these days. The median rent for a condo increased by 162.3%, it’s now available for $4,193. If you’re looking for a room, the price tag still starts at $898. The median price did not change this time. The median rent for a townhouse increased by 228.4%, you’ll have to spend around $4,152 to get one.