Durham, NC Real Estate
According to census data in the year 2000 there were 80,872 housing units in Durham.
This represents a 33.4% growth from 60,607 in 1990.
Of those housing units, 79,895 were located in either urbanized areas or urban clusters, and 977 were located in what is classified as a rural area.
Homeownership rate in Durham is about 49%.
Durham's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Durham were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 18.10% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $126,100 |
| Median Price asked for vacant units | $120,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $591 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 9.30% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 58.30% |
| Debt Free | 20.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
