The story of this market
The typical home in ZIP 27701 sells for about $545,000, or $420 per square foot.
Prices are up +75.2% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,351 a month.
ZIP 27701 — Durham
The 27701 housing market is experiencing a period of high price appreciation, driven by limited inventory and strong demand for urban living. While the year-over-year price growth is significant, the market remains balanced with a low months-of-supply figure. Buyers are currently facing a competitive environment, though the pace of sales has stabilized compared to previous quarters.
This ZIP is ideal for young professionals, urban-dwelling commuters, and investors looking for proximity to downtown amenities. It is less suited for those seeking large suburban lots or top-tier public school districts.
Median prices moved up 75.2% year over year.
Homes spend a median of 25 days on market with 1.0 months of supply — a fast-moving market.
35% of listings have cut prices · homes sell at 98.7% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 17.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27701, Durham County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 27701 area remain higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based policing initiatives to address these ongoing safety concerns.
Schools serving the 27701 area are part of the Durham Public Schools district, which faces challenges with performance metrics compared to suburban counterparts. Many families in the area explore magnet and charter school options to access alternative educational environments.
The area is primarily at risk for localized flash flooding during heavy rain events, typical of the Piedmont region. Property insurance premiums are influenced by these environmental factors and the age of the housing stock.
Development momentum is driven by the revitalization of downtown Durham and proximity to the Research Triangle Park. Major infrastructure projects focus on urban infill and the expansion of mixed-use residential and commercial spaces.
Property taxes are assessed by Durham County based on the fair market value of the property. The jurisdiction includes a combined city and county tax rate, with no special MUD or PID districts typically attached to residential parcels in this urban core.
Residents in 27701 benefit from a central location with easy access to the Durham Freeway (NC-147) and I-85. The area is highly walkable and offers proximity to major employment hubs in downtown Durham and the nearby university campuses.
The ZIP code features access to the Durham Central Park and the American Tobacco Trail, providing significant outdoor recreation space. Residents are also within a short distance of the downtown shopping and dining district, including the Brightleaf Square area.
The rental market is characterized by high demand due to the influx of young professionals and students. Vacancy rates remain low, and there is a notable presence of both long-term residential investors and short-term rental units.
The economy is anchored by the healthcare, education, and technology sectors. Major employers include Duke University and Health System, along with a growing presence of biotech firms in the nearby Research Triangle.
The area is seeing significant infill development with a focus on high-density residential projects. City planning emphasizes transit-oriented development near the downtown core.
Parcels are subject to standard municipal and county tax levies, with no specialized utility or flood control districts reported.
Property insurance costs are rising due to regional climate risks and the age of the housing stock in the urban core.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Frankie's of Raleigh4.47.7 mi
- Dave & Buster's Cary417.3 mi
- Urban Air Trampoline and Adventure Park4.111.6 mi
- Happy Feet Planet Apex4.719.8 mi
- RushHour Karting4.511.6 mi
- Lenovo Center4.516.5 mi
- North Carolina Museum of Art4.816.8 mi
- North Carolina State Fair4.417.1 mi
- Topgolf3.88.8 mi
- Fenton4.616.8 mi
- Sarah P. Duke Gardens4.92.2 mi
- Museum of Life and Science4.72.2 mi
- Frankie's of Raleigh4.47.7 mi
- AMC Southpoint 173.97.1 mi
- The Carolina Theatre4.70.6 mi
- North Carolina Museum of Art4.816.8 mi
- Museum of Life and Science4.72.2 mi
- Duke University Chapel4.92.7 mi
- Morehead Planetarium and Science Center4.510.6 mi
- American Tobacco Campus4.70.8 mi
- Sarah P. Duke Gardens4.92.2 mi
- William B. Umstead State Park4.810.9 mi
- Lake Crabtree County Park4.712 mi
- Eno River State Park4.88.7 mi
- Falls Lake State Recreation Area4.710.9 mi
- Crosswinds Boating Center4.518.7 mi
- Rollingview Marina Inc4.310.1 mi
- Topgolf3.88.8 mi
- Hillandale Golf Course4.33 mi
- Falls Village Golf Club3.46.6 mi
- Golf Galaxy4.310.4 mi
- Brier Creek Country Club4.68.2 mi
- The Streets at Southpoint4.57 mi
- Harris Teeter4.42 mi
- Fresh International Market - Raleigh4.48.8 mi
- Publix Super Market at the Marketplace at Ellis Crossing4.44.5 mi
- T.J. Maxx4.25.5 mi
- Raleigh-Durham International Airport4.410.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A community-driven urban park hosting farmers markets and events.
A major multi-use rail-trail connecting downtown to the surrounding region.
Historic tobacco warehouses converted into a vibrant retail and dining hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.