Durham s population is 575K, with a total workforce of 314K. The labor market grew by 2,700 jobs over the past year, up by 0.9%. The median household income in Durham is $63,520, 3.7% higher than last year and 0.5% above the national average of $63,179.
In the housing market, total permits issued totaled 4,846 over the last twelve months, down 11.0% year-over-year. Durham has 81 active new home projects on the market, 10.0% fewer than the 90 from last year. The average list price in the market is $370,956, 1.5% higher than last year and 13.0% above the national average. Over the last three months, new home contracts decreased by 16.9% to 570. Durham and Hillsborough had the highest concentration of the new home contracts in the Durham market.