Mortgage payment estimates, closing cost breakdowns, and homebuying data for Durham, North Carolina.
Pre-filled with Durham median home price and North Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on North Carolina rates and fees applied to Durham prices.
The median home price in Durham is $375,000, 10% above the North Carolina state median of $340,000. With a population of 283,506, Durham is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $375,000 home in Durham would carry roughly $244/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Durham is $1,480/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Durham presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.