Durham, NC

Population: 245,475
Average annual home appreciation rate: 6.57%
Total of homes for sale in this market: 1352
Median home price: $191,220
Median Rent: $931
Home price range: 46.24% of homes are between $106,001 – $212,000
Median sales price: $184,450
Number of homes: 451
Median foreclosure sales price: $100,632
Foreclosure discount: Still Gathering Data
Most common home type: 53.29% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.84%
Number of renters: 51.67%
Number of owner occupied: 48.33%
Number people living below poverty level: 48.33%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Durham area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *