Market Snapshot
- Median listing price
- $399K
- Median rent
- $1,736/mo
- Days on market
- 54 days
- Gross rental yield
- 5.22%
- STR vs LTR
- $2,919/mo STR · $1,736/mo LTR
The median listing price in Durham, NC ZIP 27701 is $399,000 as of August 2026.
The median market rent in Durham, NC ZIP 27701 is $1,736/month as of August 2026.
The median days on market in Durham, NC ZIP 27701 is 54 days as of August 2026. The market is currently neutral.
At a median list price of $399,000 and a median rent of $1,736/month, the gross rental yield in Durham, NC ZIP 27701 is 5.22% as of August 2026.
In Durham, NC ZIP 27701, median Airbnb revenue is $2,919/month compared to median long-term rent of $1,736/month as of August 2026.
Durham, NC 27701 Real Estate Market Report
ZIP Code: 27701
Report Date: August 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 27701 area average 6.77%, reflecting a market environment where rates have fluctuated near 6.6% to 6.8% throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the 464,500 median sold price, which anchors recent transaction activity and suggests realized buyer valuations remain above asking-level expectations implied by the 399,000 median listing price; pricing gap suggests selective seller negotiation and may indicate some resistance to full asking-price capture.
- With a 54 median days on market, sales velocity appears slower than highly competitive conditions and may indicate moderate transaction friction despite a sample that points to relatively constrained active supply; this suggests buyers are taking more time to transact rather than immediate bidding pressure.
- The 305 median price per square foot together with a 1,736 median market rent indicates current unit-level valuation and rental context for SFR and condo assets, supporting holding patterns for owners while investors reassess yield targets given stable rental pricing; stable unit-level pricing.
- Broader market signals are neutral to cautionary: the price year-over-year trend is flat, market temperature is neutral, rent year-over-year trend is flat, and interest rate pressure is elevated—notably, Current 30-year fixed mortgage rates in the 27701 area average 6.77%, which may keep some buyers sidelined and contribute to the measured sales pace. elevated interest rate pressure
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.69% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/7/2026
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