Cities with the fastest growing home prices in Durham metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Durham metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Durham-Chapel Hill, NC metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 26 cities and towns with data available were included in the list.

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1 / 26
Stacker

#26. Stovall, Stovall

- 1-year price change: +$28,897 (+35.3%)
- 5-year price change: +$51,909 (+88.1%)
- Typical home value: $110,840 (#26 most expensive city in metro)
2 / 26
Stacker

#25. Roxboro, Roxboro

- 1-year price change: +$29,176 (+19.0%)
- 5-year price change: +$70,143 (+62.2%)
- Typical home value: $182,869 (#25 most expensive city in metro)
3 / 26
Stacker

#24. Leasburg, Leasburg

- 1-year price change: +$40,745 (+18.2%)
- 5-year price change: +$101,324 (+62.1%)
- Typical home value: $264,490 (#18 most expensive city in metro)
4 / 26
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#23. Timberlake, Timberlake

- 1-year price change: +$42,623 (+18.6%)
- 5-year price change: +$102,290 (+60.6%)
- Typical home value: $271,206 (#17 most expensive city in metro)
5 / 26
Stacker

#22. Bullock, Bullock

- 1-year price change: +$46,880 (+28.0%)
- 5-year price change: +$97,654 (+83.9%)
- Typical home value: $214,075 (#24 most expensive city in metro)

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6 / 26
Stacker

#21. Goldston, Goldston

- 1-year price change: +$48,132 (+24.8%)
- 5-year price change: +$111,069 (+84.9%)
- Typical home value: $241,928 (#22 most expensive city in metro)
7 / 26
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#20. Siler City, Siler City

- 1-year price change: +$49,198 (+25.1%)
- 5-year price change: +$110,396 (+81.9%)
- Typical home value: $245,124 (#20 most expensive city in metro)
8 / 26
Stacker

#19. Bennett, Bennett

- 1-year price change: +$49,439 (+24.4%)
- 5-year price change: +$113,458 (+81.9%)
- Typical home value: $251,967 (#19 most expensive city in metro)
9 / 26
Stacker

#18. Oxford, Oxford

- 1-year price change: +$50,848 (+31.0%)
- 5-year price change: +$101,710 (+89.9%)
- Typical home value: $214,905 (#23 most expensive city in metro)
10 / 26
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#17. Hurdle Mills, Hurdle Mills

- 1-year price change: +$55,829 (+21.1%)
- 5-year price change: +$132,563 (+70.6%)
- Typical home value: $320,377 (#14 most expensive city in metro)

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11 / 26
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#16. Cedar Grove, Cedar Grove

- 1-year price change: +$57,179 (+19.8%)
- 5-year price change: +$155,933 (+81.9%)
- Typical home value: $346,271 (#12 most expensive city in metro)
12 / 26
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#15. Butner, Butner

- 1-year price change: +$57,936 (+31.2%)
- 5-year price change: +$113,885 (+88.0%)
- Typical home value: $243,373 (#21 most expensive city in metro)
13 / 26
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#14. Rougemont, Rougemont

- 1-year price change: +$59,106 (+20.7%)
- 5-year price change: +$144,585 (+72.5%)
- Typical home value: $343,996 (#13 most expensive city in metro)
14 / 26
Stacker

#13. Bear Creek, Bear Creek

- 1-year price change: +$61,607 (+27.1%)
- 5-year price change: +$134,773 (+87.5%)
- Typical home value: $288,799 (#16 most expensive city in metro)
15 / 26
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#12. Efland, Efland

- 1-year price change: +$65,078 (+22.5%)
- 5-year price change: +$149,873 (+73.1%)
- Typical home value: $354,956 (#10 most expensive city in metro)

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16 / 26
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#11. Bahama, Bahama

- 1-year price change: +$73,434 (+19.2%)
- 5-year price change: +$201,673 (+79.4%)
- Typical home value: $455,643 (#6 most expensive city in metro)
17 / 26
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#10. Stem, Stem

- 1-year price change: +$73,768 (+31.5%)
- 5-year price change: +$147,739 (+92.0%)
- Typical home value: $308,246 (#15 most expensive city in metro)
18 / 26
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#9. Carrboro, Carrboro

- 1-year price change: +$77,938 (+21.8%)
- 5-year price change: +$180,901 (+71.1%)
- Typical home value: $435,325 (#7 most expensive city in metro)
19 / 26
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#8. Durham, Durham

- 1-year price change: +$80,516 (+24.0%)
- 5-year price change: +$200,823 (+93.4%)
- Typical home value: $415,839 (#8 most expensive city in metro)
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#7. Hillsborough, Hillsborough

- 1-year price change: +$83,556 (+22.1%)
- 5-year price change: +$189,341 (+69.6%)
- Typical home value: $461,537 (#5 most expensive city in metro)

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21 / 26
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#6. Creedmoor, Creedmoor

- 1-year price change: +$83,900 (+31.4%)
- 5-year price change: +$170,489 (+94.5%)
- Typical home value: $350,920 (#11 most expensive city in metro)
22 / 26
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#5. Moncure, Moncure

- 1-year price change: +$97,342 (+31.8%)
- 5-year price change: +$157,363 (+63.9%)
- Typical home value: $403,571 (#9 most expensive city in metro)
23 / 26
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#4. Semora, Semora

- 1-year price change: +$99,922 (+21.9%)
- 5-year price change: +$202,863 (+57.5%)
- Typical home value: $555,753 (#3 most expensive city in metro)
24 / 26
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#3. Pittsboro, Pittsboro

- 1-year price change: +$128,147 (+31.7%)
- 5-year price change: +$220,425 (+70.7%)
- Typical home value: $532,003 (#4 most expensive city in metro)
25 / 26
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#2. Chapel Hill, Chapel Hill

- 1-year price change: +$132,135 (+27.0%)
- 5-year price change: +$249,880 (+67.2%)
- Typical home value: $621,856 (#2 most expensive city in metro)

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#1. New Hill, New Hill

- 1-year price change: +$146,887 (+27.6%)
- 5-year price change: +$304,280 (+81.3%)
- Typical home value: $678,411 (#1 most expensive city in metro)

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