Durham housing market

Strong buyer's marketDurham, NC metro areaData through Sep 2026
Typical home value
$402K
▼ 2.5% 1 yr
Typical rent
$1,640/mo
▲ 2.6% 1 yr
12-month forecast
−0.4%
#484 of 546 metros
Gross rent yield
4.9%
#422 of 546 · U.S. 6.3%
Days to pending
57 days
▲ +8 days 1 yr
Listings with a price cut
34%
▲ +0.9 pts 1 yr

Key takeaways

  • 1The typical home is worth $401,581, down 2.5% in a year and up 19% over five years.
  • 2Zillow forecasts home values falling 0.4% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,640/mo (+2.6% YoY), a 4.9% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,207/mo in principal and interest, $567 more than renting.
  • 5Homes go under contract in 57 days (+8 days vs last year); 34% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 27/100, #479 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $402K
$231K$289K$346K$404K2016201920222025
Typical monthly rent
Latest $1,640
$1,100$1,267$1,435$1,6022016201920222025

How fast homes are selling

Days to go under contract
Latest 57
1636557520182020202220242026
Share of listings with a price cut
Latest 33.6%
10.0%17.3%24.6%31.9%20182020202220242026
Homes for sale vs new listings
Latest 2,524
For saleNew listings
4741,1101,7462,38220182020202220242026
Share of homes sold above list price
Latest 20.3%
19.2%37.2%55.1%73.1%20182020202220242026

Affordability

Household income needed to buy vs rent
Latest $109K
To buy (20% down)To rent
$47K$68K$89K$109K201620182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Durham compares

MeasureDurhamUnited StatesRank of 546
Home value, 1-yr change−2.5%+1.2%#536
Home value, 5-yr change+19.1%+19.7%
12-month forecast−0.4%+1.1%#484
Rent, 1-yr change+2.6%+2.7%#346
Gross rent yield4.9%6.3%#422
Price-to-rent ratio20.415.8
Mortgage P&I on typical home$2,207$2,012
Income needed to buy$109,311$100,902
Days to pending5756

Cities in the Durham metro

5 cities with home value and rent data.

Durham$385K▼ 3.7%$1,626▲ 3.2%5.1%
Chapel Hill$622K▼ 0.7%$1,723▲ 1.1%3.3%
Hillsborough$461K▼ 2.9%$1,509▲ 3.5%3.9%
Pittsboro$550K▲ 0.4%$1,872▲ 4.2%4.1%
Carrboro$413K▼ 3.5%$1,564▲ 2.8%4.5%

Run the numbers

Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.

Other North Carolina metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.