Market Snapshot
- Median listing price
- $420K
- Median rent
- $1,450/mo
- Days on market
- 47 days
- Gross rental yield
- 4.14%
- STR vs LTR
- $2,940/mo STR · $1,450/mo LTR
The median listing price in Durham, NC ZIP 27707 is $419,800 as of August 2026.
The median market rent in Durham, NC ZIP 27707 is $1,450/month as of August 2026.
The median days on market in Durham, NC ZIP 27707 is 47 days as of August 2026. The market is currently neutral.
At a median list price of $419,800 and a median rent of $1,450/month, the gross rental yield in Durham, NC ZIP 27707 is 4.14% as of August 2026.
In Durham, NC ZIP 27707, median Airbnb revenue is $2,940/month compared to median long-term rent of $1,450/month as of August 2026.
Durham, NC 27707 Real Estate Market Report
ZIP Code: 27707
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
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 Durham, NC are averaging 6.77%, reflecting a market environment where rates remain elevated compared to the 5.98% lows observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price: 451,000 is the primary indicator of recent transaction value in ZIP 27707 and suggests pricing strength relative to asking expectations given the presence of a lower median listing price: 419,800 in the sample, which may indicate persistent seller optimism or listing-price variability that agents should address when pricing new listings.
- The market shows a neutral short-term trend with price year-over-year trend: flat and market temperature: neutral, implying a balanced market where neither buyers nor sellers hold a decisive advantage; pricing strategies should emphasize comps and condition rather than relying on momentum.
- Liquidity appears moderate with slower transaction velocity reflected by median days on market: 47, which may indicate more time for negotiation and underwriting; marketing plans should emphasize staging, photography, and targeted outreach to avoid prolonged exposure.
- Macro and carry-cost considerations are relevant: interest rate pressure: moderate (current average 30-year rate noted as 6.77%) combined with a median price per square foot: 242 and median market rent: 1,450 suggests investors and owner-occupiers should weigh financing cost sensitivity when assessing affordability and hold/no-hold decisions.
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
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.
Quick sale indicating strong buyer demand and competitive market conditions.
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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