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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 +0.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −17.6% YoY, is the number to watch.
The median listing price is up 0.5% YoY while the median home got up 3.7% bigger, so value per square foot is down 3.1%.
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 $430K purchase rents for $1,464/mo: 0.34% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price).
Sales here take about 46 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (rented here, not sold).
Not shown: Multi-Family (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 27713 itself, not its parent county.
Renters hold 40.6% of this ZIP's 25,689 occupied households, on a median household income of $101K.
| Measure | ZIP 27713 | Durham County | Difference |
|---|---|---|---|
| Median Household Income | $101K | $82K | +$18K |
| Below Poverty Level | 8.1% | 11.5% | -3.4% |
| Median Age | 34.80 | 36.10 | -1.30 |
| Total Population | 59,197 | 332,353 | -- |
| Avg Household Size | 2.30 | 2.25 | +0.05 |
| Owner-Occupied | 59.4% | 55.5% | +3.9% |
| Worked From Home | 28.2% | 22.9% | +5.3% |
| Mean Commute | 22.90 | 22.60 | +0.30 |
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.