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

Housing Data

2,200

Jobs Created
.7%

$63,574

Median Household Income
3.8%

4,731

Total Housing Permits
-12.6%

79

Total Number of Projects
-12.2%

$370,358

SFD New Home List Price
1.8%

0

New Home Sales
5.4%
Monthly

Market Health

Durham s population is 575K, with a total workforce of 314K. The labor market grew by 2,200 jobs over the past year, up by 0.7%. The median household income in Durham is $63,574, 3.8% higher than last year and 3.6% above the national average of $61,372.
In the housing market, total permits issued totaled 4,731 over the last twelve months, down 12.6% year-over-year. Durham has 79 active new home projects on the market, 12.2% fewer than the 90 from last year. The average list price in the market is $370,358, 1.8% higher than last year and 19.3% above the national average. Over the last three months, new home contracts increased by 5.4% to 728. 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

Managing Principal

Tim Sullivan

Managing Principal


Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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