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Durham County, NC

RANK #851 / 996  ·  POP 325,101  ·  NC

PROJECTED GROWTH: -1.1%

Durham County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Durham County?

Durham County, North Carolina, is often recognized first for Duke University, a prominent institution that significantly shapes the area's intellectual and cultural landscape. Located in the Piedmont region of central North Carolina, Durham County is part of the larger Research Triangle area, which includes Raleigh and Chapel Hill. Commuting within the county and to nearby cities is facilitated by various options, including bus services, carpooling, vanpooling, and microtransit programs. The community offers access to green spaces like Eno River State Park and Sarah P. Duke Gardens, providing opportunities for outdoor recreation.

Life in Durham County blends urban amenities with natural beauty, attracting a diverse population including families, professionals, and retirees. The economy, historically rooted in tobacco, has transitioned to a focus on medicine, research, and high technology. Major investments are evident across various sectors, including commercial and residential developments, data centers, and infrastructure improvements. The presence of institutions like Duke University and North Carolina Central University contributes to a skilled workforce and a dynamic economic environment.

[02] Market Snapshot

Housing Ratio
2.3x

Undervalued relative to economy

GDP Growth
+5.9%

Well above national median

Home Prices
-2.4%

Prices declining

Climate & Terrain
-0.3

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 2.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Durham County U.S. National

The Numbers

DEMOGRAPHICS
Population
325,101
+1.55% YoY
Median Household Income
$74,927
Median Home Value
$311,300
-2.38% 12mo
Median Rent
$1,301
Average Annual Pay
$98,601
+7.4% YoY
Employment
236,749
+1.5% YoY
Income-to-Home-Value
0.2407
Near national average
Migration Inflow
4.17%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$383,500
Days on Market
73
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
13.0%
Listings w/ Price Drops
25.4%
Building Permits (2024)
2,905
Single-Family Permits
1,912

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$7,150M
TOTAL
PROJECT AMOUNT STATUS
Greater Triangle Commuter Rail Line
GoTriangle
$3,000M Proposed
Biogen Manufacturing Expansion
Biogen
$2,000M Planned
Hub RTP Development (Phase I)
Research Triangle Foundation
$1,000M Under Construction
CyrusOne DUR1 Data Center Expansion
CyrusOne
$750M Operating
Merck Treyburn Facility Expansion
Merck
$200M Under Construction
2024 Connect Durham Bond Projects (Streets & Parks)
City of Durham
$200M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.9% 90 percentile
Population Growth +1.6% 84 percentile
Income Growth +11.8% 95 percentile
Vacancy Rate 1.6% 21 percentile
Home Price Change -2.4% 13 percentile
Rent Growth +1.2% 22 percentile
Price/Rent 16x 28 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Durham County, NC a good place to move to?

Durham County has a Boom Town Index score of 15/100, ranking #851 among 996 U.S. counties. With job growth at +1.5% and a median household income of $74,927, it faces some economic headwinds compared to faster-growing counties.

Is Durham County affordable?

The median home value in Durham County is $311,300 with median rent at $1,301/month. The income-to-home-value ratio is 0.2407, which is less affordable than the national average.

Is Durham County growing or shrinking?

Population growth: +1.6% year-over-year. Job growth: +1.5%. Home values changed -2.4% in the past 12 months.

Are people moving to Durham County?

Yes — 4.17% of Durham County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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