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.