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

Housing Data

3,000

Jobs Created
1%

$63,522

Median Household Income
3.7%

5,481

Total Housing Permits
20.4%

84

Total Number of Projects
-14.3%

$345,977

SFD New Home List Price
-4.9%

663

New Home Sales
2.8%
Monthly

Market Health

Durham s population is 567K, with a total workforce of 314K. The labor market grew by 3,000 jobs over the past year, up by 1.0%. The median household income in Durham is $63,522, 3.7% higher than last year and 3.5% above the national average of $61,372. In the housing market, total permits issued totaled 5,481 over the last twelve months, up 20.4% year-over-year. Durham has 84 active new home projects on the market, 14.3% fewer than the 98 from last year. The average list price in the market is $345,977, 4.9% lower than last year and 14.3% above the national average. Over the last three months, new home contracts increased by 2.8% to 663. Durham and Chapel Hill 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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