Durham rents and rental comps
The median asking rent across 7 Durham zip codes is $1,684/month, up 3.3% from a year ago.
Duke University and Research Triangle biotech keep Durham tight with well-paid renters who aren't going anywhere. Low vacancy, high demand, tenants with advanced degrees and the paychecks to match.
Median Asking Rent
$1,684
Rent Change (YoY)
+3.3%
Avg Days on Market
13
Active Rental Listings
6,430
Median List Price
$429,900
Median Asking Rent Over Time
Average across 7 zip codes
Median Asking Rent by ZIP Code
Rental Listings by ZIP Code
ZIP | Median Rent |
|---|---|
| 27712 | $2,200/mo |
| 27703 | $1,929/mo |
| 27701 | $1,737/mo |
| 27704 | $1,699/mo |
| 27705 | $1,625/mo |
| 27707 | $1,470/mo |
| 27713 | $1,464/mo |
Comps for any address in Durham
Type the address, get the comps. No setup.
Median Asking Rent by Bedroom
| Unit Size | Median Rent |
|---|---|
| Studio | $1,388/mo |
| 1 Bedroom | $1,290/mo |
| 2 Bedroom | $1,649/mo |
| 3 Bedroom | $1,995/mo |
| 4 Bedroom | $2,450/mo |
Aggregated median across all Durham zip codes with available data.
For-Sale Listings by ZIP Code
| ZIP | Median List Price |
|---|---|
| 27712 | $450,000 |
| 27707 | $445,700 |
| 27701 | $439,900 |
| 27705 | $429,900 |
| 27713 | $425,000 |
| 27703 | $400,000 |
| 27704 | $335,000 |
HUD Fair Market Rents
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,400/mo |
| 1 Bedroom | $1,480/mo |
| 2 Bedroom | $1,690/mo |
| 3 Bedroom | $2,110/mo |
| 4 Bedroom | $2,530/mo |
HUD publishes Fair Market Rents once a year for the Durham metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
About the Durham rental market
The median asking rent across Durham, NC sits at $1,684/month, pulled from active rental listings in 7 zip codes. That's up 3.3% from a year ago.
Rents aren't uniform across the city. ZIP 27712 tops the list at $2,200/month. ZIP 27713 comes in lowest at $1,464/month. About a 50% gap between the two ends of the city.
A 2-bedroom rents for $1,649/month at the median. 1-bedrooms run about $1,290. 3-bedrooms come in around $1,995.
Rental listings here lease fast. Average time on market is 13 days. Mispriced units still sit, but a fair-market price moves quickly.
Rent-to-price math is tight in Durham. The gross figure sits at about 4.7% ($1,684/month against $429,900 median price). Most investors here are betting on appreciation, not monthly cash flow.
HUD's Fair Market Rent for a 2-bedroom in the Durham metro is $1,690/month. Asking rents come in about 0% below the federal benchmark, which can make Section 8 properties competitive here.
Durham is the other half of the Research Triangle alongside Raleigh, and Duke University is the anchor. Duke's hospital system and the surrounding biotech corridor produce well-paying jobs and a steady stream of medical professionals who rent. Downtown Durham has revitalized significantly. The American Tobacco Campus area and Brightleaf Square pull premium rents. South Durham and the eastern parts of the city are cheaper. Smaller than Raleigh and a thinner market, but the renter base quality is high. North Carolina stays landlord-friendly. The Triangle as a whole has been one of the more consistent growth markets in the Southeast.
These numbers are city-wide averages. If you're pricing a specific property in Durham, pull comps from the same zip code. The spread is usually bigger than people expect.
Pull rental comps for an address in Durham
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Durham address to see them.
Nearby rental markets
Charlotte, NC
17 zip codes
Raleigh, NC
15 zip codes
Nashville, TN
17 zip codes
Atlanta, GA
20 zip codes
Tampa, FL
17 zip codes
Orlando, FL
17 zip codes
Related guides
How to find rental comps
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What is fair market rent?
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
How Section 8 payment standards work
The three numbers landlords mix up, the 90 to 110 percent band, and a worked example of what the voucher actually pays.