Rent to own Homes in Durham, NC
Durham, North Carolina, has seen its population grow by 20 percent since 2000. Along with nearby Raleigh and Chapel Hill, these three cities make up the powerhouse region known as the Research Triangle Park. The Historic Durham Athletic Park was also the venue for the Durham Bulls, the team that inspired the movie "Bull Durham," from 1926 to 1994. Parrish Street was once known as the "Black Wall Street," and civil rights leaders staged sit-ins there and received a visit from Martin Luther King, Jr.
Durham, NC is a great place for affordable rent-to-own homes! With a median household income of over $61,962 and a median rent of $1,098, the Durham, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Durham, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Durham, NC Property Resources
Rent to own Homes in Cities Near Durham, NC
- Apex
- Bahama
- Briar Chapel
- Butner
- Carolina Meadows
- Carrboro
- Cary
- Cedar Grove
- Chapel Hill
- Creedmoor
- Durham
- Efland
- Fearrington Village
- Gorman
- Governors Club
- Governors Village
- Hillsborough
- Holly Springs
- Hurdle Mills
- Mebane
- Morrisville
- New Hill
- Pittsboro
- Prospect Hill
- Raleigh
- Rougemont
- Roxboro
- Saxapahaw
- Stem
- Timberlake
- Woodlawn
Neighborhoods in Durham, NC
Croasdaile Farm Master rent to own homes Cross-County rent to own homes Duke Homestead rent to own homes Downing Creek rent to own homes Duke Forest rent to own homes Duke University - West Campus rent to own homes East Durham rent to own homes Ed Cook rent to own homes Greysons Green rent to own homes Latta Road rent to own homesBuying a Home in Durham, NC
Durham, NC is seeing rapid growth and Durham, NC's' housing market remains not optimal with an average home price that is 12% above the 2026 national average. Durham, NC is part of Durham county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2026 for county Durham is 1.14% which is above the national average, which is 0.99%.
Median Home Price in Durham, NC
Median Rent in Durham, NC
Top Reasons to Live in Durham NC
Housing Statistics Considering how popular this area is and how rapidly it's growing, it's not surprising that the housing market is very hot and competitive. Housing costs here are relatively low compared to many other popular areas in the country, with a median housing price of $143,100. You can get a lot of house for your money here, too. You can get a new construction home with an impressive square footage for about the same price as something smaller and older in more crowded areas like New England.
Largest Employers and Industries Durham, along with Raleigh and Chapel Hill, was named the #1 best place for business and careers by Forbes four years in a row. This strong economy maintains and attracts good jobs and qualified workers. Some of the top employers in Durham include Duke University, which employs over 27,000 people, and IBM, which employs another 13,000 people. Other large Durham employers include GlaxoSmithKline, city and county government, NORTEL Networks, RTI International, US EPA Environmental Research Center, Blue Cross Blue Shield, and Durham Regional Hospital.
Tourist Attractions The combination of high incomes and affordable housing means that you will likely have plenty of disposable income left over to really enjoy where you live. Durham has lots of great things to see, from the Frog Hollow Outdoors Adventure Tour to a walking tour of Old Durham homes. You can also explore the region's tobacco-growing history by taking a Tobacco Road tour, or learn about the over 100 varieties of trees native to the area by going to Tree Camp. You can spend a day at the Fullsteam Brewery, observing the craft beer making process from beginning to end.
Neighborhoods There are so many reasons to love the Durham area and make it your new home. Here are some neighborhoods you should know about:
