Durham s population is 583K, with a total workforce of 322K. The labor market grew by 3,100 jobs over the past year, up by 1.0%. The median household income in Durham is $63,927, 2.9% higher than last year and 1.2% above the national average of $63,179.
In the housing market, total permits issued totaled 5,564 over the last twelve months, up 1.9% year-over-year. Durham has 73 active new home projects on the market, 15.1% fewer than the 86 from last year. The average list price in the market is $342,593, 1.2% higher than last year and 6.6% above the national average. Over the last three months, new home contracts decreased by 21.8% to 579. Durham and Chapel Hill had the highest concentration of the new home contracts in the Durham market.
