The story of this market
The typical home in ZIP 27704 sells for about $354,955, or $239 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,382 a month.
ZIP 27704 — Durham
The 27704 housing market is currently experiencing a cooling phase, characterized by a slight year-over-year price decline and longer days on market. While demand remains present, the market is shifting toward a more balanced state, requiring sellers to be more competitive with pricing. Local indicators suggest a cautious outlook as inventory levels and buyer competition stabilize.
This ZIP is well-suited for budget-conscious family buyers and investors seeking a lower entry price point compared to the broader Durham market, though it requires careful property-level due diligence.
Median prices moved down 1.5% year over year.
Homes spend a median of 93 days on market with 3.2 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.3% · poverty 10.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27704, Durham County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this area are higher than the national average, with localized pockets of concern that contrast with the broader, more stable Durham regional trends.
Schools serving this ZIP generally receive mixed ratings, with many institutions performing below the state average, necessitating careful review of specific school assignments.
The area is subject to standard North Carolina climate risks, including potential for localized flooding in low-lying areas and seasonal storm-related wind damage.
Economic momentum is driven by the broader Durham-Research Triangle Park corridor, though this specific ZIP has seen slower direct investment compared to the city's core.
Property taxes are assessed by Durham County at a rate of approximately 0.7% of home value, with additional municipal levies applicable depending on specific city limits.
Residents benefit from proximity to major thoroughfares like I-85 and US-501, providing relatively direct access to downtown Durham and the Research Triangle Park employment hubs.
The area features access to local community parks and green spaces, with proximity to the Ellerbee Creek trail system and various shopping centers along the Roxboro Road corridor.
The rental market is characterized by a significant renter share of approximately 39%, with steady demand for workforce housing despite localized vacancy pressures.
The economy is anchored by the broader Research Triangle Park region, with major employment sectors including education, healthcare, and technology.
The area is served by major highway corridors including I-85 and US-501, facilitating regional transit to Durham and Chapel Hill.
Development activity is focused on infill residential projects and commercial revitalization along major arterial roads.
Durham County utilizes a centralized appraisal system with periodic revaluations to determine property tax assessments.
Parcels are subject to Durham County and Durham Public Schools district taxes, with potential for additional municipal service district fees.
Property insurance premiums are influenced by regional hazard profiles, including wind and storm risks common to the North Carolina Piedmont.
Data retrieved from data.census.gov ZCTA 27704 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Frankie's of Raleigh4.48 mi
- Dave & Buster's Cary418.4 mi
- Urban Air Trampoline and Adventure Park4.113.2 mi
- RushHour Karting4.513.2 mi
- Phillips Farms of Cary4.414.3 mi
- Lenovo Center4.516.9 mi
- North Carolina Museum of Art4.816.9 mi
- North Carolina State Fair4.417.5 mi
- Topgolf3.810.5 mi
- Fenton4.617.9 mi
- Sarah P. Duke Gardens4.96.2 mi
- Museum of Life and Science4.74.1 mi
- Frankie's of Raleigh4.48 mi
- AMC Southpoint 173.911 mi
- Cinemark Bistro Raleigh4.512.7 mi
- North Carolina Museum of Art4.816.9 mi
- Museum of Life and Science4.74.1 mi
- Duke University Chapel4.96.7 mi
- Morehead Planetarium and Science Center4.514.9 mi
- American Tobacco Campus4.75.1 mi
- Sarah P. Duke Gardens4.96.2 mi
- William B. Umstead State Park4.810.7 mi
- Falls Lake State Recreation Area4.77.2 mi
- Eno River State Park4.810.9 mi
- Durham Central Park4.64.7 mi
- Rollingview Marina Inc4.36.7 mi
- Topgolf3.810.5 mi
- Hillandale Golf Course4.36.1 mi
- Falls Village Golf Club3.44.7 mi
- Brier Creek Country Club4.68.8 mi
- Chapel Hill Country Club4.712.8 mi
- The Streets at Southpoint4.510.9 mi
- Harris Teeter4.45.7 mi
- Fresh International Market - Raleigh4.49.4 mi
- Publix Super Market at the Marketplace at Ellis Crossing4.46.5 mi
- T.J. Maxx4.29.8 mi
- Raleigh-Durham International Airport4.410.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A significant greenway system providing recreational walking and biking access.
Various retail hubs along Roxboro Road serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.