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

Housing Data

2,700

Jobs Created
.9%

$63,520

Median Household Income
3.7%

4,846

Total Housing Permits
-11.0%

81

Total Number of Projects
-10.0%

$370,956

SFD New Home List Price
1.5%

0

New Home Sales
-16.9%
Monthly

Market Health

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 $63,520, 3.7% higher than last year and 0.5% above the national average of $63,179.
In the housing market, total permits issued totaled 4,846 over the last twelve months, down 11.0% year-over-year. Durham has 81 active new home projects on the market, 10.0% fewer than the 90 from last year. The average list price in the market is $370,956, 1.5% higher than last year and 13.0% above the national average. Over the last three months, new home contracts decreased by 16.9% to 570. Durham and Hillsborough 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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