Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
161 Durham, NC, USA apartments for rent
Durham
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 |
Business & Economy
Wage by Common Jobs
Average salary in Durham, NC: $42,975
- 1. Other managers$96,032
- 2. Registered nurses$63,496
- 3. Firstline supervisors of retail sales workers$49,024
- 4. Elementary & middle school teachers$44,510
- 5. Driver/sales workers & truck drivers$43,786
Highest Paid Occupations
Numbers claim that the highest paid jobs in Durham, NC are Computer & Mathematical Occupations, Architecture & Engineering Occupations, Computer, Engineering, Science Occupations, Management Occupations and Legal Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 7% recently, there must be a strong understanding of industries people of Durham, NC work in. The highest paid industries are Professional, Scientific, Technical Services, Utilities, Public Administration, Professional, Scientific, Management, Administrative & Waste Management Services and Finance & Insurance.
Demographics
Race & Ethnicity
According to latest census, Durham, NC is a home for 50% white residents. The second common group is black with 38% residents. The list of the most common racial or ethnic groups is closed by asian with 5% residents.
Non-English Speakers
Education
Past year Durham, NC universities awarded around 465,200 degrees. Statistics show that the population of students in Durham, NC includes 232,600 female students and 232,600 male students. Durham, NC offers private and public tuition with a median cost of $28,260 for private four-year colleges and $16,435 for in-state public four-year colleges. The largest university of this city is the Duke University with the majority of graduates. The North Carolina Central University and Durham Technical Community College hold the second and the third place respectively. The share of the public colleges in Durham, NC is 29 and 71 go to the private colleges.
Universities
- 1. Duke University6,370 graduates
- 2. North Carolina Central University1,790 graduates
- 3. Durham Technical Community College975 graduates
Public vs Private
Health and Safety
Primary care physicians in Durham, NC see an average of 820 patients, dentists 1,398 patients, metal health providers 186 patients, and other healthcare providers 499 patients per year.
Transportation
Commute Time
Average travel time: 21.05 minutes
Commuter Transportation
Citizens of Durham, NC travel to their offices around 21 minutes lately and drove alone to get there. The rest of the residents carpooled and worked at home.
Housing Trends
How much is an apartment in Durham, NC, USA
Average rent in Durham: $2,171 (+12.4%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed rentals | $1,438 | -4.5% |
| 2 bed rentals | $1,741 | -2.8% |
| 3 bed rentals | $1,978 | -0.3% |
| 4+ bed rentals | $3,420 | +41.3% |
Over the May 2022, the average rent for an apartment in/near Durham, NC increased by 12.4% to $2,171.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $1,438 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $1,741. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $1,978. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $3,420 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Townhouse rentals | $2,001 | -0.2% |
| Loft rentals | $3,300 | +39.4% |
| Apartment rentals | $1,730 | -10.1% |
| Room rentals | $847 | +14% |
| House rentals | $2,106 | +4.1% |
| Condo rentals | $1,788 | +26.5% |
| Duplex rentals | $1,737 | +27.8% |
| Land rentals | $7,000 | N/A |
Looking at the median rent price for an apartment in Durham, NC, you can note that it remains flat with a price tag of $1,730. The median rent for a house is still $2,106 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $1,788. An average duplex is now available for $1,737, cause median rent for a duplex remains the same this month. The median rent for a loft did not face significant changes this time, it now still goes for $3,300. If you’re looking for a room, the price tag still starts at $847. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $2,001.
Rent vs Own
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