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Durham, NC mortgage & affordability calculator

The typical home in Durham, NC is worth about $380,000. With 20% down that's a loan near $304,000 — the calculator is pre-filled with that figure. Durham benefits from Research Triangle Park and Duke University employment, and prices have risen accordingly, though it remains a notch cheaper than neighboring Raleigh. North Carolina's low property tax rate is a consistent advantage across the Triangle.

$1,973.76 / month

Total interest
$406,553
Total paid
$710,553
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$76k$152k$228k$304k0612182430Year

How much you need to earn

Durham, NC's median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $266,472 with 20% down — below the $380,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$266,524 max home price

Max loan amount
$190,524
Housing payment budget
$1,680
P&I budget
$1,237
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Durham, NC is about $1,550 a month, so owning the median home costs roughly $867 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Durham, NC?
On the metro's roughly $380,000 typical home with 20% down, the loan is about $304,000. Principal and interest run near $1,974 a month at today's rate, and Durham, NC's property tax plus insurance add about $443, for a full payment near $2,417.
Can I afford a home in Durham, NC on the median income?
The median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $266,472 with 20% down — below the $380,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Durham, NC?
Typical asking rent is about $1,550 a month. The full owner payment on a median home is near $2,417, so owning costs roughly $867 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Durham, NC?
The effective property tax rate in the core county is about 0.90% of market value — roughly $3,420 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Durham, NC rising or falling?
Home values are up about 3% over the past year. Durham benefits from Research Triangle Park and Duke University employment, and prices have risen accordingly, though it remains a notch cheaper than neighboring Raleigh. North Carolina's low property tax rate is a consistent advantage across the Triangle.

Nearby metros

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