Real Estate Investing in Durham, North Carolina (27713)
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Should you buy in 27713 (Durham, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Durham, NC (27713)?
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Market Analysis: 27713 Durham
The 27713 ZIP in Durham, NC is a local-operator market. Outside capital chasing a $422K entry has to pair deep knowledge with the discount.
From an investor standpoint, the numbers look inviting — $422K purchase price, 0.0% nominal cap — the work to hit that pro forma in 27713 is substantial and deserves full respect.
Regionally, 27713 sits on the difficult end of the NC spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 27713 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 27713 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Durham:
Property Strategy for 27713
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $174,215 | $1,670 | 6.9% | +7.2% | $174,215 |
| 2BR | $275,235 | $1,900 | 5.0% | +8.1% | $137,618 |
| 3BR | $398,711 | $2,350 | 4.2% | +7.8% | $132,904 |
| 4BR | $550,316 | $2,760 | 3.6% | +8.8% | $137,579 |
| 5BR | $742,889 | — | — | +9.2% | $148,578 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27713 Compare?
| Metric | 27713 | Durham | Durham-Chapel Hill, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $422,482 | $318,265 | N/A | $330,565 |
| 5-Year CAGR | 4.7% | 4.5% | N/A | 7.8% |
| Avg Rent | $1,576 | $1,760 | N/A | - |
| Cap Rate | 2.9% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27713 (Durham, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $422,482 |
| Monthly Rent | $1,576 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27713
Population: 58,409
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27713
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does a duplex house hack pencil in Durham, NC?
House hacking in Durham, NC is reasonable to execute. Prices around $422K and rents of $1,576/mo solid owner-occupant economics.
What kind of tenants rent in Durham, NC?
The renter base in Durham, NC is reasonable for the $1,576/mo price point. Screening well and pricing to market typically yields steady tenants.
What is the average monthly rent in Durham, NC?
Investors in Durham, NC typically see rents near $1,576/mo per month against $422K home values - a solid setup for rental cash flow.
Is Durham, NC better for rentals, flips, or BRRRR?
The best-fit strategy in Durham, NC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much does a house cost in Durham, NC?
Median home price in Durham, NC is near $422K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
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How 27713 ranks in Durham-Chapel Hill, NC
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