Median rents, rental comps, and market trends across 7 zip codes in Durham, NC.
Duke University and Research Triangle biotech keep this rental market tight with well-paid renters who aren't going anywhere. Low vacancy, high demand, and tenants with advanced degrees and the paychecks to match.
Median Asking Rent
$1,581
Rent Change (YoY)
-3.7%
Avg Days on Market
11
Active Rental Listings
5,602
Median List Price
$410,000
Average across 7 zip codes
ZIP | Median Rent |
|---|---|
| 27712 | $2,010/mo |
| 27703 | $1,740/mo |
| 27701 | $1,733/mo |
| 27704 | $1,650/mo |
| 27705 | $1,569/mo |
| 27713 | $1,438/mo |
| 27707 | $1,344/mo |
Get rental comps for any property in Durham
Search any address for rent estimates and comparable rentals.
| Unit Size | Median Rent |
|---|---|
| Studio | $1,426/mo |
| 1 Bedroom | $1,300/mo |
| 2 Bedroom | $1,560/mo |
| 3 Bedroom | $1,900/mo |
| 4 Bedroom | $2,395/mo |
Aggregated median across all Durham zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 27705 | $467,000 |
| 27701 | $449,000 |
| 27712 | $425,000 |
| 27713 | $410,000 |
| 27703 | $400,000 |
| 27707 | $395,000 |
| 27704 | $314,000 |
| 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 |
Fair Market Rents are published annually by HUD for the Durham metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Durham, NC is currently $1,581/month, based on active rental listings across 7 zip codes. Median asking rents have decreased by -3.7% over the past 12 months.
Asking rents vary significantly across the city. ZIP 27712 has the highest median asking rent at $2,010/month, while ZIP 27707 comes in at $1,344/month.
Rental listings in the area spend an average of 11 days on market before being leased, indicating strong renter demand.
The HUD Fair Market Rent for a 2-bedroom in the Durham metro area is $1,690/month. Current median asking rents are near or below the FMR for this area.
Durham is the other half of the Research Triangle along with Raleigh, and Duke University is the anchor. Duke's hospital system and the surrounding biotech corridor generate 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 attract premium rents. South Durham and the eastern parts of the city are more affordable. Durham is smaller than Raleigh, so you're dealing with a thinner market, but the quality of the renter base is high. North Carolina is landlord-friendly, and the Triangle as a whole has been one of the more consistent growth markets in the Southeast.
Want to look up rental comps and rent estimates for a specific property in Durham? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Durham, NC. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.