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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 14,473 people, 3,000 houses or apartments, and a median cost of homes of $615,730, 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 51.32% of the town's housing units. Other types of housing that are prevalent in Durham include large apartment complexes or high rise apartments ( 29.02%), duplexes, homes converted to apartments or other small apartment buildings ( 11.07%), and a few row houses and other attached homes ( 8.35%).

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 2000 and later ( 29.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.50%). There's also some housing in Durham built before 1939 ( 14.80%).

Vacant housing appears to be an issue in Durham. Fully 20.72% 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

Appreciation rates for homes in Durham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.00%, which ranks in the top 40% nationwide. This equates to an annual average Durham house appreciation rate of 6.74%.

NeighborhoodScout's data show that during the latest twelve months, Durham's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Durham's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

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

$615,730

Durham, NH Home Prices
> $1,407,000
$1,055,001 - $1,407,000
$704,001 - $1,055,000
$563,001 - $704,000
$422,001 - $563,000
$281,001 - $422,000
$141,001 - $281,000
$70,001 - $141,000
$0 - $70,000
3.1%
3.1%
2.2%
2.2%
21.9%
21.9%
39.1%
39.1%
17.4%
17.4%
6.0%
6.0%
9.9%
9.9%
0.0%
0.0%
0.3%
0.3%
0% 100.0%
% of Homes
Very High

for New hampshire

Very High

for nation

Number of Homes And Apartments:

3,000

Durham Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,750 / per month

Homeownership Rate

Owners
Renters
32.4%
32.4%
67.6%
67.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.7%
20.7%
79.3%
79.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.8%
29.8%
30.9%
30.9%
24.5%
24.5%
14.8%
14.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.3%
51.3%
8.4%
8.4%
11.1%
11.1%
29.0%
29.0%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.8%
6.8%
11.0%
11.0%
15.2%
15.2%
32.4%
32.4%
23.0%
23.0%
11.7%
11.7%
0% 100.0%
% of Homes