dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −10.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −25.2% YoY, is the number to watch.
The median listing price is down 10.8% YoY while the median home got down 3.6% bigger, so value per square foot is up 1.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $487K purchase rents for $1,795/mo: 0.37% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 57 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 27701 itself, not its parent county.
Renters hold 69.8% of this ZIP's 11,974 occupied households, on a median household income of $70K.
| Measure | ZIP 27701 | Durham County | Difference |
|---|---|---|---|
| Median Household Income | $70K | $82K | -$13K |
| Below Poverty Level | 17.8% | 11.5% | +6.3% |
| Median Age | 34.70 | 36.10 | -1.40 |
| Total Population | 24,793 | 332,353 | -- |
| Avg Household Size | 1.96 | 2.25 | -0.29 |
| Owner-Occupied | 30.2% | 55.5% | -25.3% |
| Worked From Home | 24.0% | 22.9% | +1.1% |
| Mean Commute | 20.80 | 22.60 | -1.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.9% to 332,353: residents under 18 are up 0.4% and those 65 and over are up 4.2%.
County median household income is $82K, 11.5% of residents are below the poverty level, 22.9% work from home.