Home prices
The value of the median home in Durham is $224,100. In comparison to nearby areas this is approximately $75,540 (25%) lower.In comparison to the nation as a whole it is roughly $6,600 (3%) higher, and in comparison to the city of Raleigh is approximately $24,200 (9%) lower.
Rents
Durham's median rent is $1,058 per month. It is roughly $65 (5%) lower compared to other places in this area.It is is very similar compared to the United States as a whole, and in comparison to the city of Raleigh it is approximately $63 (5%) lower.
Nearby places
Chapel Hill
Chapel Hill is Durham's neighbor to the southwest. Real estate prices there are a lot more expensive. The median home cost in Chapel Hill is $399,700, which works out to $175,600 (43%) higher than Durham. The rent there is a little more expensive. In Chapel Hill the median rent is $1,191 a month, which works out to $133 (11%) higher than Durham.
Morrisville
Morrisville is Durham's neighbor to the south. The real estate prices there are a lot more expensive. The median home in Morrisville is valued at $331,800, which is $107,700 (32%) higher than Durham. Rent there is a bit more expensive. Morrisville's median rent is $1,398 a month, which is $340 (24%) higher than Durham.
Carrboro
Carrboro is about 9 miles southwest from Durham. Real estate prices there are significantly more expensive. Carrboro's median home value is $368,800, which works out to $144,700 (39%) higher than Durham. Its rents are similar. In Carrboro the median rent is $1,078 a month, which is $20 (1%) higher than Durham.
Hillsborough
Hillsborough is roughly 11 miles northwest of Durham. Its housing prices are somewhat more expensive. Hillsborough's median home value is $261,200, which is $37,100 (14%) higher than Durham. Its rents are fairly similar. In Hillsborough the median monthly rent is $1,025, which works out to $33 (3%) lower than Durham.
Butner
Butner is about 13 miles northeast from Durham. Real estate prices there are substantially less expensive. The cost of the median home in Butner is $136,700, which comes out to $87,400 (63%) lower than Durham. Rents there are a bit less expensive. In Butner the median monthly rent is $923, which is $135 (14%) lower than Durham.
