The home of Duke University, Durham is an old tobacco town with historic interest that is very livable. The college is active in the community, providing many cultural and sports events for residents. The city is enjoying a population growth since 2010. It’s a great place to set down roots.
The Real Estate Market in Durham
The median home value in Durham is around $225,000. Home values have risen over the past year and are expected to continue to increase. It’s a sellers’ market. The average home for sale in Durham only stays on the market for about 62 days. Buyers who work with a real estate agent to be ready to make an offer have better success when buying their home.
Duke University and IBM are the two largest employers in the area, but the town has many industries that support its residents. Blue Cross & Blue Shield of NC, GlaxoSmithKline, and the Durham VA Medical Center have large conglomerates of employees.
Although the cost of living is slightly higher, about 1.20 percent, than the national average, the community makes up for it with excellent schools. It has 14.6 students to teacher ratio, much lower than the national average. In 2007, Forbes rated Durham as one of the “Top 20 Places to Educate Your Child.”
Attractions in Durham
Durham has been ranked #16 as one of America’s Greenest Cities. It hosts numerous arts and cultural festivals, including the Bull Durham Blues Festival and Full Frame Documentary Film Festival.
- Bicycle friendly town with an extensive network of routes and trails.
- American tobacco historic district.
- Outdoor and nature gardens and parks.
Durham is a town poised for growth. The future job growth over the next 10 years is expected to more than 43 percent, which is much higher than the national prediction of 33 percent. The town is booming, making it a good place for seniors, first-time homebuyers and families of all ages.