Property prices for rent in Durham (North Carolina)

The rent prices in real estate in Durham, in the North Carolina region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,464.83
Average price last 6 months
$5.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Durham has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.17. In the following month the price per sq.feet rose considerably to $1.44. The price for the following two months in (July, August) had a considerable rise of 115 %. The price per sq.feet has had a considerable rise of 904 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.4 to $12.7 during September, and October.

Average price

When referring to the price in Durham (cities), this has fallen in the last 6 months. The average price for May is $1,551. During June the price had a slight fall till $1,391. In the following two months the average price has hardly changed with regard to the previous two months from $1,471 to $1,489. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,480 and $1,434.5 between September and October.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,514 they are 12 % more affordable than the average price for Durham . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,642.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $24.12 / sq.feet price in Durham. The properties with the most expensive average prices have 2 bedrooms. They are 181 % more expensive than the average followed by properties with 1 bedroom with a price at $57.61 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,514 it is 46 % more affordable than the average price in Durham. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,372 it is 2 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $1.04 / sq.feet. "House" is the most expensive type of property with a $48.56 / sq.feet value followed by "Condo" with an average price of $1.04 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Durham
Number of properties used in region North Carolina
$1,514
$24.12
7,412
107,292
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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