Property Prices in Durham, NC, United States

Index Info
Price to Income Ratio: 3.01
Mortgage as Percentage of Income: 21.96%
Loan Affordability Index: 4.55
Price to Rent Ratio - City Centre: 9.55
Price to Rent Ratio - Outside of Centre: 6.18
Gross Rental Yield (City Centre): 10.47%
Gross Rental Yield (Outside of Centre): 16.19%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,517.25 $ 1,300.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,249.53 $ 1,000.00-1,528.00
Apartment (3 bedrooms) in City Centre 2,087.50 $ 1,700.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,538.89 $ 1,400.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 262.62 $ 214.37-294.50
Price per Square Feet to Buy Apartment Outside of Centre 134.25 $ 132.25-145.00
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 4.04 3.00-4.71

These data are based on 133 entries in the past 18 months from 27 different contributors.
Last update: April 2021

Sources and References
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