Mortgage Rates in Durham, North Carolina: 2026 Guide
30-year fixed: 7.32%. Median: $335,000.
Current Mortgage Rates in Durham
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $1,841/mo |
| 15-Year Fixed | 6.68% | 6.750% | $2,361/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,687/mo |
Durham Market Insights
Durham has undergone a remarkable transformation, becoming a hub for tech, healthcare, and innovation anchored by Duke University and the Research Triangle Park. The American Tobacco Campus and downtown area have seen extensive rekeyization with new restaurants, breweries, and housing.
FAQs
What is the average mortgage rate in Durham?+
How much down payment is needed in Durham?+
What are property taxes in Durham?+
What a $335,000 Home Costs in Durham
At Durham's median home price of $335,000, a 20% down payment is $67,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $1,841, and property taxes add roughly $170 per month at an effective rate of 0.61%. That puts the total PITI payment near $2,011 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Durham typically needs to earn about $86,186 a year to carry this payment comfortably.
Tax & Rate Context in Durham
The effective property tax rate in Durham is 0.61%, which works out to roughly $2,043 a year on a median-priced home.The 30-year fixed rate used here is the national Freddie Mac PMMS average of 7.32%. Local quotes move with credit score, down payment and lender, so compare at least three offers. Durham has an estimated population of 285K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.