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 $63,300, 3.3% higher than last year and 0.2% above the national average of $63,179.
In the housing market, total permits issued totaled 5,228 over the last twelve months, down 3.9% year-over-year. Durham has 78 active new home projects on the market, 9.3% fewer than the 86 from last year. The average list price in the market is $378,739, 5.9% higher than last year and 26.5% above the national average. Over the last three months, new home contracts decreased by 2.7% to 619. Durham and Hillsborough had the highest concentration of the new home contracts in the Durham market.