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Durham

Learn about the people, housing, costs and businesses in Durham, Connecticut

Median Home$424,800
Median Rent$1,154/month
Population3,801
Leading IndustriesProfessional Services · Public Administration · Education5% professional services
Home Value Growth⬆⬆+18.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners93% of occupied units
NotableHigh Incomes$159k/year · top 3% nationally
NotableHighly Educated23% bachelor's · 16% graduate · top 23% nationally
Durham
CT

Frequently Asked Questions

What are today's mortgage rates in Durham?

As of today, the 30-year fixed mortgage rate for Durham is approximately 6.890% (6.926% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Durham?

The median home value in Durham is $425k. The median monthly rent is $1,154. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Durham?

Home values in Durham have increased 18.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Durham?

Based on a typical all-in ownership cost of $1,956/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $84k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Durham is $159k/year.

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What industries drive the economy in Durham?

The largest employment sectors in Durham are public administration (30%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.