Market Snapshot
- Median listing price
- $320K
- Median rent
- $1,650/mo
- Days on market
- 52 days
- Gross rental yield
- 6.19%
The median listing price in Durham, NC ZIP 27704 is $320,000 as of August 2026.
The median market rent in Durham, NC ZIP 27704 is $1,650/month as of August 2026.
The median days on market in Durham, NC ZIP 27704 is 52 days as of August 2026. The market is currently neutral.
At a median list price of $320,000 and a median rent of $1,650/month, the gross rental yield in Durham, NC ZIP 27704 is 6.19% as of August 2026.
Durham, NC 27704 Real Estate Market Report
ZIP Code: 27704
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
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 for properties in the 27704 area are averaging approximately 6.7% to 6.8%, reflecting a market environment where rates have fluctuated near these levels throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market signal is the median sold price of $283,000, which represents the most reliable indicator of recent transaction value and suggests a moderate pricing tier for SFR and condo stock in 27704; use sold prices rather than asking prices when benchmarking comps.
- There is a meaningful gap between the median listing price of $320,000 and the median sold price, which may indicate pricing friction or seller optimism and suggests sellers are listing above what buyers are transacting at; pricing gap appears to be a key negotiation lever.
- Market liquidity shows slower velocity consistent with a median days on market of 52, implying longer marketing timeframes and more opportunity for buyers to negotiate; moderate transaction volume and elevated inventory relative to sales activity may be contributing to that pace.
- Macro headwinds are present: elevated interest rate pressure with regional mortgage rates averaging 6.7% to 6.8%, while price and rent trends are both reported as flat, and this combination supports a balanced, neutral market temperature rather than a strongly directional market.
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.
Representative market sale establishing baseline for properties in the core neighborhood.
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, 0.8% 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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