Welcome to our 27703 real estate data hub, tailored for investors in Durham, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 27703 in Durham, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in DURHAM COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Durham, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Durham property market.
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Location Overview
- Zip Code: 27703
- City: Durham
- State: NC
- Metro Area: Durham-Chapel Hill, NC
- County Name: DURHAM COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $374,830
- Average Home Price (Single Family Homes): $377,342
- Average Monthly Rental Price (All Types): $1,769
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 1.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,120
- Average 3 Bedroom Section 8 Rental Rates: $1,420
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.89
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22
- Number of Units Offered in Section 8 in the County: 1496
- Number of Occupied Units in Section 8 in the County: 1355
- Percentage of Section 8 Units Occupied in the County: 90.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 227.48
- Total % Appreciation since 2000 (Government Data): 141.67
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.9%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.66%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.38%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 73.57%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 151.52%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 88.3%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 106.22%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.91%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.76%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 30.33%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.44%