Median Home PriceBETTER
$394,861.43
Median RentBETTER
$1,628.1/mo
Price-to-Rent RatioBETTER
20.2
Property Tax RateTIE
0.84%
Price Change (1Y)BETTER
-1.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$235,303
Median Home Price
$474,087.73
Median Rent
$1,667.86/mo
Price-to-Rent Ratio
23.7
Property Tax RateTIE
0.84%
Price Change (1Y)
-2.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$331,063
Key Differences
Home Prices
Durham's median home price of $394,861.43 is lower than Raleigh's $474,087.73 by 17%.
Monthly Rent
Renting in Durham costs $1,628.1/mo compared to $1,667.86/mo in Raleigh—a difference of $39.76/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.