Home Values

Durham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$356,800

  • -3.9% 1-year change
  • -0.7% 1-year forecast

The median home value in Durham is $356,800. Durham home values have declined -3.9% over the past year and Zillow predicts they will fall -0.7% within the next year. The median price of homes currently listed in Durham is $449,999.

Foreclosures will be a factor impacting home values in the next several years. In Durham 83.6 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 4.3 and also greater than the national value of 4.2

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Durham homeowners underwater on their mortgage is 10.6%, which is lower than Philadelphia Metro at 18.1%.

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Relative ZHVI
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Durham Market Overview

Data through Nov 30, 2014
  • $356,800 ZHVI
  • -0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $449,999 Median listing price
  • No data Median sale price
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Durham Market Health

Data through Nov 30, 2014
  • 2.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2013)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

83.6 homes(Jan 31, 2014) Durham
4.3 homes Philadelphia Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Nockamixon Township $348,000
Bridgeton Township $333,700
Haycock Township $325,500
Name Median ZHVI
Springfield Township $307,700
Holland Township $294,600
Lower Saucon Township $256,900
Name Median ZHVI
Williams Township $248,000
Old Orchard $214,700
Pohatcong Township $179,300

Listings & Sales

Data through Nov 30, 2014
  • $201 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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Durham Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,807 Durham
    $1,544 Philadelphia Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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