Durham, North Carolina is a city that has seen a significant growth in population over the past few years. The city is home to a number of universities and colleges, including Duke University, North Carolina Central University, and Durham Technical Community College. As such, it is becoming increasingly popular amongst students and young professionals.
Durham's economy is largely driven by the education and healthcare sectors, with a number of universities and medical centers located in the city. This has resulted in a strong job market, and the influx of new people has caused the rental market to become increasingly competitive.
The average rental price in Durham is around $1,200 per month for a one-bedroom apartment, and $1,450 for a two-bedroom apartment. Prices in the more upscale neighborhoods can be higher, with some two-bedroom apartments costing up to $2,000 per month.
When it comes to schools, Durham has several excellent options, including Durham Academy, Durham Public Schools, and Durham Technical Community College. Each of these schools offers a variety of academic and extracurricular activities for students of all ages.
In terms of neighborhoods, Durham is home to a range of living options, from the downtown area to the more residential suburbs
The average rental prices of an apartment, townhouse, condo, loft, and single family home in Durham, NC vary widely based on location, size, and amenities offered. According to data from RentJungle, the median rental prices for these types of homes in Durham, NC are as follows:
Apartment: $1,120
Townhouse: $1,395
Condo: $1,198
Loft: $1,195
Single Family Home: $1,500
In Durham, NC, rental prices have increased significantly over the past five years. According to data from RentJungle, the median rent for a one-bedroom apartment in Durham was $975 in 2015 and has steadily increased to $1,400 in 2020. The median rent for a two-bedroom apartment also increased from $1,150 in 2015 to $1,500 in 2020. This shows an increase of approximately 45% over the past five years.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Durham, NC are $955, $1,135, and $1,325, respectively.
Durham Public Schools (DPS) consistently performs above the national average on standardized tests. DPS students typically outperform the national average on math, reading and science tests, and the district has been consistently ranked among the best in North Carolina. In addition, Durham has a higher graduation rate than the national average and a lower drop-out rate. The district is also known for its strong commitment to equity, with a focus on closing the achievement gap between students of different backgrounds.
1. Downtown Durham
2. Old North Durham
3. Trinity Park
4. Hope Valley
5. Lakewood Park
1. Croasdaile
2. Hope Valley
3. Treyburn
4. Forest Hills
5. Duke Forest