Property Prices in Durham, NC, United States

Index Info
Price to Income Ratio: 3.14
Mortgage as Percentage of Income: 22.54%
Loan Affordability Index: 4.44
Price to Rent Ratio - City Centre: 9.83
Price to Rent Ratio - Outside of Centre: 6.61
Gross Rental Yield (City Centre): 10.17%
Gross Rental Yield (Outside of Centre): 15.13%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,501.00 $ 1,300.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,221.60 $ 995.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,187.38 $ 1,800.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,511.11 $ 1,350.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 273.54 $ 214.37-350.00
Price per Square Feet to Buy Apartment Outside of Centre 140.67 $ 133.37-172.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,551.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.86 2.88-4.71

These data are based on 128 entries in the past 18 months from 27 different contributors.
Last update: June 2021

Sources and References
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