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Rent To Own Homes in Durham, CT

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Austin-rd-Durham-CT-06422
Preforeclosure
$202,848 EMV

Austin Rd
Durham, CT 06422

3 Bed | 1 Bath | 840 Sq. Ft.

Haddam-quarter-rd-Durham-CT-06422
Preforeclosure
$235,280 EMV

Haddam Quarter Rd
Durham, CT 06422

3 Bed | 2 Bath | 1,248 Sq. Ft.

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Home Value Estimator For Durham, CT

There are currently 2,597 real estate properties in Durham, CT, with a median automated valuation model (AVM) price of $338,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Durham, CT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Durham, CT, is $357,649.00, with the most expensive house in Durham, CT, topping out at $2,733,300.00 and the cheapest home in Durham, CT, clocking in at $84,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Durham, CT!


Rent Prices In Durham, CT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Durham, CT, is on a rollercoaster ride. The average rent price in Durham, CT, is $1,864.00. Indeed, when looking to rent in Durham, CT, you can expect to pay as little as $940.00 or as much as $3,530.00, with the average rent median estimated to be $1,870.00. The good news is that finding an affordable and desirable property to rent in Durham, CT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Durham, CT

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Durham, CT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Durham, CT and much more. Save thousands at closing with home foreclosure listings in Durham, CT — up to 75% off market value!


Top Reasons To Live In Durham, CT In 2021

Durham is located in Middlesex, Connecticut, with an estimated municipal population of 7,221 residents. All of the best foreclosed homes for sale in Durham are located in the following zip code areas on Foreclosure.com: 06422. The estimated population per square kilometer (.62 miles) in Durham is 117.


Cost Of Living In Durham, CT

So, about how much do homes cost in Durham? The most recent median value of resident-owned homes in Durham is 309,643. An estimated 94.5 percent of households in Durham own their homes, with an average family size of 2.96. The median household income in Durham is 119,905, with62.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Durham, the median commute time of resident workers (in minutes) is 29.8. And last, but certainly not least, are you looking for homes to rent in Durham? If so, the average rent price paid by renters in Durham is 1,358, according to recent statistics.


Diversity And Demographics In Durham, Connecticut

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Durham, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Durham is 47.1, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Durham is 60, with an average family size of 2.96.

The percentage of residents who report their race in Durham is as follows:

White 97.7%
Black / African American 0.2%
Asian 1.6%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 0%

Looking for family-friendly neighborhoods in and/or near Durham? Or maybe you are searching for 55+ active adult communities in and/or near Durham?

The percentage of residents who report their age in Durham is as follows:

Under 10 9.6%
Aged 10-19 11.9%
20s 6.2%
30s 12.5%
40s 13.9%
50s 17.7%
60s 15.6%
70s 7.9%
80+ 4.5%

Best Schools In Durham, Connecticut

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Durham with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Durham.


Pros And Cons Of Living In Durham, Connecticut

How do you know that living in -- or moving to -- Durham is right where you need to be? Perhaps you grew up in Durham or already live nearby; therefore, the decision to buy a home in Durham is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Durham for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Durham:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Durham.


Reasons To Move To Durham, Connecticut, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Durham can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Durham, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Durham, CT

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