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.