Zip lookup · NC

27704
Durham, North Carolina.

Durham, Durham County, NC · Durham-Chapel Hill, NC metro · population 40,102

What it costs per month · 27704 $1,582/mo

to buy the typical home at today's mortgage rate — +$860 (+119%) since Jan 2020.

What the home itself did
1 year
Down $14,355 -5%
$315,710$301,355 since Sep 2025
5 years
Up $44,340 +17%
$257,015$301,355 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 27704 $1,582 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 27704$1,582
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 22 years.

Typical home values in zip 27704 fell 4.5% over the past year — slower than the nation's +1.2%.

Asking rents in zip 27704 rose 2.5% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 27704 runs $363/mo more than renting one. The gap peaked at $677 in Oct 2023.

That is $2,104 a month against $1,741 rent: a $1,582 mortgage payment, plus $199 property tax and $323 insurance & upkeep.

Owning vs renting — zip 27704

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,500 $2,000 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owning all in $2,104 Renting $1,741 Mortgage only $1,582
$1,000 $1,500 $2,000 2018 2022 2026
  • Owning all in$2,104
  • Renting$1,741
  • Mortgage only$1,582

Property tax · $199/mo 0.79% of value a year — the ACS 2020-2024 median bill over the median home value for Durham County, NC

Insurance & upkeep · $323/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Durham, NC — measured over the city limits, which is a different area from this zip.

Asking rent $1,741 as of Sep 2026
+2.5%year on year
Typical home value $301,355 as of Sep 2026
-4.5%year on year

Asking rent — 27704

Against the Durham-Chapel Hill, NC metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2018 2019 2020 2021 2022 2023 2024 2025 2026 27704 $1,741 Durham $1,640 United States $1,932
$1,200 $1,400 $1,600 $1,800 2018 2022 2026
  • 27704$1,741
  • Durham$1,640
  • United States$1,932

Typical home value — 27704

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 27704 $301,355 Durham $401,581 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • 27704$301,355
  • Durham$401,581
  • United States$366,157

Within 20 miles

Showing 30 of 32 zips in range — sorting picks from all 32.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
4.8 27701 Durham 24,793 $1,671 $411,478
5.6 27703 Durham 63,458 $1,805 $376,573
5.7 27712 Durham 24,299 $2,262 $414,902
6.8 27509 Butner 7,766 — $267,263
8.5 27705 Durham 49,923 $1,536 $458,743
8.5 27503 Bahama 5,374 — $472,926
9.0 27709 Durham — $1,638 —
9.2 27707 Durham 51,274 $1,458 $398,492
9.7 27522 Creedmoor 13,083 $1,700 $335,454
9.8 27617 Raleigh 20,237 $1,538 $429,930
10.3 27613 Raleigh 45,235 $1,373 $580,326
12.3 27581 Stem 3,880 — $313,178
12.4 27713 Durham 59,197 $1,544 $409,919
12.6 27560 Morrisville 40,792 $1,662 $492,153
13.0 27514 Chapel Hill 32,951 $1,604 $629,930
13.4 27614 Raleigh 34,226 $1,556 $670,503
14.6 27572 Rougemont 6,131 — $359,813
14.7 27615 Raleigh 46,019 $1,501 $533,263
14.7 27278 Hillsborough 27,925 $1,516 $461,888
14.9 27612 Raleigh 41,952 $1,478 $563,928
16.2 27587 Wake Forest 82,886 $1,795 $504,797
16.2 27607 Raleigh 28,438 $1,594 $708,181
16.4 27519 Cary 69,836 $1,899 $690,357
16.5 27513 Cary 46,979 $1,629 $552,294
16.7 27510 Carrboro 13,868 $1,564 $419,282
17.5 27609 Raleigh 35,573 $1,381 $546,103
17.7 27517 Chapel Hill 29,564 $1,669 $662,322
18.6 27583 Timberlake 7,242 — $315,735
18.9 27608 Raleigh 12,604 $2,009 $1,036,437
19.4 27511 Cary 33,221 $1,915 $491,833

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.