Interested in purchasing investment houses in the 27703 zip code in Durham, NC?
The zip code 27703 is in both Durham and Wake counties with a latitude of -78.806820000000 and longitude of 35.960770000000, is in the state of North Carolina. The average asking price of houses and condos is $140,187.00 and the average sale price was $208,897.00. this regions is classified as the Raleigh - Durham - Fayetteville metro area and consists of the following area codes: 919 and 984. The location in degrees is 35° 57' 38.772" N, 78° 48' 24.552" W. The county F.I.P.S. is 37063. This zip code contains three cities including Durham, NC (35.24%), Raleigh, NC (0.26%), and Morrisville, NC (0.02%) The total land area is 54.6 square miles and the water area is 3.2 square miles. The elevation in this area is 292 - 410 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 27703 is in county number 183 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 54,319 in 2019 and 41,937 in 2010. Of this, the break down in 2019 was 49,578 urban and 4,740 rural. This further breaks down to 25,801 males (47.5%) and 28,517 females (52.5%). The median age of residents is 35.3 years. The population of the greater Durham, NC area is 504,863. The population density (people per square mile) is 994. This zip code has a combined total of 22,553 houses and condos. There are 8,128 rented appartments. 38% of residents rent versus the 38% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $43,688 and the average salary is $41,598. The median household income of individuals is $54,577.00 and the average is $60,540.00. This zip code has a mean commute time to work of 24.9 minutes. The unemployment rate is 3.9%. Income earners by percent breakdown as 45.80% (Under $50,000), 36.90% ($50,000-$100,000), and 17.30% earn over $100,000. 14.4% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 93.2. The educational breakdown is 85.2% have a high school education or higher, 38.1% have a bachelor's degree or higher, and 13.9% have some kind of profesional degree.
This area has 15,653 households and the average size is 2.6 people. Individuals who are single and have never been married are 39.3%, 45.1% are now married, 2.7% are separated, 3.8% are widowed, and 9.2% are divorced. The average yearly contribution amount given by people to charity was $3,782 versus the state average of $4,687. The percent of residents who gave to charity was 29.2%.
The estimated median value of houses and condos is $215,731. The median monthly owner costs of mortgage holders was $1,423, where as the costs for those who don't have a mortgage are $454. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $2,386. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,493. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $2,521. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $1,757. Reported taxable interest for persons was $553, dividends $2,146, capital gains +$3,552, and itemized deductions $19,622. The average earned income tax credit is $2,539. The percent of individuals that use a tax preparer is 44.6%. The total average income taxes paid by individuals was $6,625. Businesses reported an average profit of $5,230.
The Dog House
931 S Miami Blvd, Durham, NC 27703
Serena Restaurant & Bar
5311 S Miami Blvd, Durham, NC 27703
Randy's Pizza
5311 S Miami Blvd, Durham, NC 27703
Chamas Brazilian Steakhouse
905 W Main St, Durham, NC 27701 (3.2 miles away)
Koumi Japanese Restaurant
3550 N Roxboro St, Durham, NC 27704 (4.5 miles away)
Mayflower Xvi Seafood Restaurant
3742 Durham Chapel Hill Blvd, Durham, NC 27707 (5 miles away)
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