Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$401,581−2.5% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$87,054About 1.0× the local median income ($84,847): a stretch for a typical household
Days on market60 daysAbout the same pace as a year ago
Next 12 months−0.4%Zillow expects prices to stay about flat
The typical home in Durham-Chapel Hill, NC is worth $401,581, down 2.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $375,281, so the area is 7.0% overvalued. It is a buyer's market: homes take about 60 days to sell, listings are up 20% from a year ago, 24% of listings have had a price cut. Zillow expects prices to fall about 0.4% over the next year. A household needs about $87,054 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,847. Typical rent is $1,640 a month, or $2,123 for a house. In the latest IRS figures, 193 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$401,581
Change in 1 year
−2.5%
Overvalued %
+7.0%
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Fair home value
$375,281
Change in 5 years
+19.1%
Zillow forecast, next 12 months
−0.4%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$2,176
Income needed to afford it
$87,054
Property tax rate
0.77%
Rent and investing
Typical rent
$1,640
Typical rent for houses
$2,123
Price-to-rent ratio
20.4×
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HUD Fair Market Rent, 2 bedrooms
$1,697
Gross rental yield
4.90%
Cap rate (estimate)
3.19%
Market activity
Listings vs a year ago
+20.2%
Days on market
60
Listings with a price cut
24.1%
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Homes for sale
2,395
Pending sales per 100 listings
35
Asking price per sq ft
$243
People and jobs
Median household income
$84,847
Population change (1 year)
+1.2%
Unemployment rate
3.8%
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Population
625,485
Income adjusted for cost of living
$86,933
Net moves in (IRS)
−193
Cost of living (US = 100)
97.6
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
80.9
Unhealthy air days a year
0
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Flood risk score
85.8
Wildfire risk score
31.9
Walkability (1 to 20)
9.2
Road, rail and air noise
55 dB
Questions people ask
Is Durham-Chapel Hill, NC overvalued?
Home prices in Durham-Chapel Hill, NC are slightly above what local incomes have historically supported: fair value is about $375,281, so the area is 7.0% overvalued.
Is Durham-Chapel Hill, NC a buyer's or seller's market?
Durham-Chapel Hill, NC is a buyer's market: homes take about 60 days to sell, listings are up 20% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Durham-Chapel Hill, NC?
Home values in Durham-Chapel Hill, NC are down 2.5% over the last year. Zillow's forecast for the next 12 months is −0.4%.
How much do you need to earn to buy a home in Durham-Chapel Hill, NC?
A household needs about $87,054 a year to afford the typical home in Durham-Chapel Hill, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,847.