Welcome to our 27707 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 27707 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: 27707
- 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): $391,162
- Average Home Price (Single Family Homes): $395,677
- Average Monthly Rental Price (All Types): $1,441
- Price-to-Rent Ratio: 23
- Zillow Projected % appreciation from 4/2023-4/2024: 2.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,350
- Average 3 Bedroom Section 8 Rental Rates: $1,710
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 24.15
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.06
- 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): 271.83
- Total % Appreciation since 2000 (Government Data): 164.16
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.21%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.48%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.23%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.66%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 147.82%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.69%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 154.28%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.35%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.52%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 37.64%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 52.16%