Home to Duke University and part of the Research Triangle, this health care hub offers suburban living along with urban redevelopment.

Housing Data

2,600

Jobs Created
.8%

$63,858

Median Household Income
2.8%

5,559

Total Housing Permits
2.5%

71

Total Number of Projects
-16.5%

$369,988

SFD New Home List Price
4.0%

0

New Home Sales
7.5%
Monthly

Market Health

Durham s population is 575K, with a total workforce of 317K. The labor market grew by 2,600 jobs over the past year, up by 0.8%. The median household income in Durham is $63,858, 2.8% higher than last year and 1.1% above the national average of $63,179.
In the housing market, total permits issued totaled 5,559 over the last twelve months, up 2.5% year-over-year. Durham has 71 active new home projects on the market, 16.5% fewer than the 85 from last year. The average list price in the market is $369,988, 4.0% higher than last year and 6.3% above the national average. Over the last three months, new home contracts increased by 7.5% to 601. Durham and Morrisville had the highest concentration of the new home contracts in the Durham market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal


Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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