Durham, NH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Durham, NH Housing Market Trends

With 16,293 people, 3,187 houses or apartments, and a median cost of homes of $398,401, Durham house prices are not only among the most expensive in New Hampshire, Durham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Durham, accounting for 55.43% of the town's housing units. Other types of housing that are prevalent in Durham include large apartment complexes or high rise apartments ( 26.05%), duplexes, homes converted to apartments or other small apartment buildings ( 12.15%), and a few row houses and other attached homes ( 6.14%).

Renters dominate Durham's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Durham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Durham built between 1940-1969 ( 24.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.75%). There's also some housing in Durham built before 1939 ( 12.83%).

Vacant housing appears to be an issue in Durham. Fully 16.40% of the housing stock is classified as vacant. Left unchecked, vacant Durham homes and apartments can be a drag on the real estate market, holding Durham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Durham Home Appreciation Rates

Real estate appreciation rates in Durham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.42% during the period.

Over the last year, Durham appreciation rates have trailed the rest of the nation. In the last twelve months, Durham's appreciation rate has been 5.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Durham were at 2.12%, which equates to an annual appreciation rate of 8.74%.

Relative to New Hampshire, our data show that Durham's latest annual appreciation rate is lower than 80% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$398,401

Durham, NH HOME PRICES

> $1,164,000
2.1%
2.1%
$873,001 - $1,164,000
0.5%
0.5%
$582,001 - $873,000
5.3%
5.3%
$465,001 - $582,000
18.8%
18.8%
$349,001 - $465,000
40.3%
40.3%
$233,001 - $349,000
24.0%
24.0%
$116,001 - $233,000
8.5%
8.5%
$58,001 - $116,000
0.0%
0.0%
$0 - $58,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NH

Value Relative To Nation

Number Of Homes And Apartments:
3,187

Durham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
66.87% 2.47%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,891 / per month

Homeownership Rate

Owners
30.0%
30.0%
Renters
70.0%
70.0%
Vacant
16.4%
16.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
41.2%
41.2%
1940 - 1969
24.2%
24.2%
1939 or Older
12.8%
12.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.4%
55.4%
Townhomes
6.1%
6.1%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
26.0%
26.0%
Mobile Homes
0.0%
0.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.7%
7.7%
1 Bedroom
10.2%
10.2%
2 Bedrooms
15.6%
15.6%
3 Bedrooms
31.8%
31.8%
4 Bedrooms
24.6%
24.6%
5 or more bedrooms
10.1%
10.1%
0.0% 100.0%
% OF HOMES