Durham First-Time Homebuyer Report for January

Durham is a city in California. It's affluent and the cost of living is average compared to the rest of the state, with a median income of $65,916 per household and cost of living adjustment score of 122.4. With a median age of 35 years, homes in Durham tend to be relatively old. Topping the list of best schools in the city is Durham Elementary School.

Culture

If you are interested in the good places to eat in Durham, Foursquare says that Country Morning Bakery And Cafe is the most popular restaurant. Great outdoor attractions are No Mans Land and University Farm. Lastly, Patrick Ranch is a well-known place for arts and entertainment.

Price Range

Homes in Durham are worth a median of $236,500, similar to other parts of California. Additionally, the list prices of available homes is currently at an average of $482,510. On top of a 75.0% reduction in sales numbers this week to land at one homes over the last 30 days, the Durham market still shows a persistent trend downward overall.

Curious as to which homes have been getting the most attention in Durham? These listings have stirred up interest and produced the most views:

$599K   $2M   $170K  

Typical Dwelling

A three-bedroom detached home valued around $407,250 is considered a typical dwelling in Durham. If a buyer was looking for a similar home, they would need good credit and a $81,450 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,093 and the property tax rate is $7.93 per $1,000 of taxable assessed value.

Get started right now by checking out Durham homes for sale or reviewing Durham real estate trends.


Data reported through 1/12/2017

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