Whether you know of Durham as the “City of Medicine” or the “Bull City” it’s easy to see why so many residents and businesses call it home.
Located halfway between the Great Smoky Mountains and the beaches of the Atlantic, Durham is a community that is home to:
- Art and science museums
- Duke and North Carolina Central universities
- Durham Bulls Triple-A baseball
- More than 40 annual festivals
- Over 300 restaurants
- World-class medical facilities
With the birth of the Research Triangle Park (RTP) in the 1950s, Durham began to take on a new look that has evolved into a global center for information technology, biotechnology, pharmaceuticals, and medicine. The City of Durham is known as the “City of Medicine,” with healthcare as a major industry including more than 300 medical and health-related companies and medical practices with a combined payroll exceeding $1.5 billion annually.
Since its founding in 1924, Duke University has grown into one of the most prestigious private universities in the world and its medical center ranks annually among the top in the nation. The university is the largest employer in Durham, providing jobs for more than 18,000 residents. The City is also home to North Carolina Central University (NCCU), which has recently embarked on an ambitious plan for growth, particularly in the area of biotechnology research. Durham Technical Community College rounds out the community’s post-secondary educational institutions and offers traditional academic and vocational training as well as customized programs to meet changing industry needs.
According to Zillow, the median home value in Durham is $221,700. Durham home values have gone up 11.7% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in Durham is $145, which is lower than the Durham-Chapel Hill Metro average of $158. The median price of homes currently listed in Durham is $290,000 while the median rent is $1,450, which is lower than the Durham-Chapel Hill Metro price of $1,500.
Durham is located between Chapel Hill and Raleigh. More than nine million people visit Durham each year, where they will all find a wealth of things to see and do. Whether you’re looking for awarding-winning performing arts, unique visual arts, stimulating nightlife, one-of-a-kind shopping, or scenic natural experiences, Durham has you covered.
There are also historic sites to visit, sporting events to watch, outdoor recreation to try, and farms to tour. In other words, Durham is overflowing with unique, exciting things to do, no matter what kind of experience you’re looking for, and there’s always something new.