Real Estate in Durham
Things to do
Affordability and many beacons of economic opportunity make the Durham, NC real estate market a desirable option
Durham is one of the best places to live, work, and retire. Many organizations and publications have affirmed that Durham has become a significant attraction and destination, especially for people from the northern United States. Affordability is one of the many drivers of people’s movement to the city. The city has some of the best employment opportunities due to its bustling economy, excellent education opportunities, and ideal real estate market. Are you looking for the best place to invest in real estate? Don’t look further because Durham, NC real estate has all you desire. Move to Durham and experience excellent weather, a rich history and culture, job opportunities, and a sense of community.
History of Durham
History of Durham
Durham was the home and farming location for the Eno and the Occaneechi Indian tribes, who contributed to the Great Indian Trading Path development. In 1701, an English explorer, John Lawson, chronicled the beauty of Durham and called it “the flower of the Carolinas.” In the mid-18th century, English, Scots, and Irish colonists settled in the region on land King Charles I had granted to George Carteret. After establishing a fast-growing tobacco industry, Durham’s economic and population growth exploded following the Civil War. When the soldiers passed through the region during the war, they fell in love with the milder tobacco and started ordering it through the mail. The Bull Durham Tobacco Factory was born at the time, and the region’s economic growth increased. Another industry, W. Duke and Sons Tobacco Company, started to prosper in the late 1800s, fueling Durham’s economic growth. Washington Duke, the company’s owner, was an excellent businessman. His two sons formed a monopoly on the smoking and tobacco industry by the early 1900s until the government broke them up under antitrust laws. The state incorporated the city in 1869. Duke Energy, the company that powers the city and its neighbors, has been another driver of economic growth in Durham. Duke Energy took over electricity franchises in Durham and other towns and cities in North Carolina. Since then, Durham has experienced exponential growth, making it a significant part of the Research Triangle Park, the most extensive research park in the United States.
Things to do in Durham
Things to do in Durham
One of the first things you should do in Durham is visit the American Tobacco Campus. This modern urban district features recreation facilities, artwork, eclectic dining, water features, and entertainment. The one-million-square-foot community is a multi-use gathering for the visitors and the locals. It is also one of the best places to socialize, have fun, and relax in Durham.
You should never miss a performance at the Durham Performing Arts Center, which ranks third in the United States for a performing arts center. The center features Broadway shows such as Hamilton, and major performing artists come to the city to entertain people. The theater can accommodate up to 2,700 individuals with more than 200 performances to choose from yearly.
Visit nearly 30 miles of trails and natural scenic areas at the Eno River State Park and experience Durham’s best outdoor recreation areas. Locals and regulars can visit the spot for fishing, mountain biking, hiking, and kayaking. Additionally, sports fans should visit the Durham Bulls Athletic Park, home to the Durham Bulls minor league baseball team. The fan game experiences are unforgettable.
Durham is found in Durham County, in the eastern-central region of the Piedmont area, with a generally flat topology and some rolling hills. The city is 108.3 square miles. The Eno River, a tributary of the Neuse River, passes through the city’s northern section. Other small creeks also pass through the metropolis. The city’s location affords Durham a humid subtropical climate with hot and humid summers. The winters are excellent, while the spring and autumn are warm. The city’s center is on a ridge that forms the divide between the Cape Fear watershed and the Neuse River watershed, and a small portion of Durham extends to Wake County. The city is also 10.41 miles northeast of Chapel Hill, 50.21 miles to the east of Greensboro, and 20.78 miles northwest of Raleigh. Other cities surrounding Durham include Richmond, Virginia, and Charlotte, the most populous city in North Carolina. Durham’s proximity to other cities makes it one of the best destinations to invest in real estate.
Durham’s population has increased significantly since the beginning of the 21st century, and approximately 283,506 residents live in the city. About 2,126 people reside in the city per square mile. The population continues to increase as more people move to the location. Approximately 14% of the residents in the city are foreign-born.
Durham has embraced racial and ethnic diversity, and there are more than five ethnic groups in the city. Whites (non-Hispanic) make up 40% of the population, while African Americans account for 37% of the residents. Other races include Hispanics who make up 14%, Asians 5%, and individuals of two or more races.
Durham has 114,420 households with a median income of $61,962 and a 51% rate of housing unit ownership. The median value of owner-occupied housing units is $243,000, higher than the national average. Evidently, most people in Durham have fat pockets.
Arts in Durham
Arts in Durham
Durham Art Council creates a vibrant community through the arts by making it a daily presence for the community members. The council has supported local art and artists through classes, exhibits, and services for over 60 years. Durham Art Council has become influential in the city by providing year-round arts programs and experiences to more than 400,000 individuals yearly.
Downtown Durham has a vibrant and ever-changing art scene on display. The museums and galleries in the city allow residents and visitors to interact with designers at local studios. Residents and visitors can enjoy stunning art and galleries at Nasher Museum of Art, The Carrack, NCCU Art Museum, and other galleries.
Live music is a crucial but underrated aspect of Durham. The region has become a hip city due to increased performing arts, including live music that you can find anywhere. Local and new artists perform live all around the city. Durham has carried the music scene for the Triangle area, and residents can enjoy live music while enjoying drinks and food around the city.
Sports is another entertainment aspect in Durham due to the many colleges that characterize the region. Basketball and football are two of the most popular sports in the city, and baseball has been experiencing significant growth in recent years. The city’s strategic location in the Triangle influences its art and entertainment throughout the year.
Schools in Durham
Schools in Durham
The Durham Public Schools is the eighth largest school district in North Carolina, and it runs public schools in the city. The district has 46 public schools consisting of elementary, middle, secondary, and high schools. Durham City is home to several magnet schools, such as Durham School of the Arts and the City of Medicine Academy. Such schools focus on distinct subjects for interested students. Durham is also home to charter schools such as Research Triangle High School, A STEM School, Voyager Academy, and Excelsior Classical Academy. The city has several private and religious schools, such as Durham Academy. Durham has excellent education programs, and it is one of the top 20 places to educate your children. Durham is one of the most educated cities in the United States due to its colleges and universities. More than half of the population, 51%, above 25 years, have a bachelor’s degree or higher. The Triangle region highly regards education. Durham has some of the best universities and colleges, including Duke University, with over 14,000 students, and North Carolina Central University.
Durham ranks as the 23rd best city to live in, in the United States. The job market is excellent, and Durham is one of the top educated cities in the United States. Living in Durham will give you a sense of community because the residents are welcoming and friendly while allowing you to flourish. The city’s rich history, culture, and art have made Durham one of the top destinations for investors. You should invest in Durham, NC real estate and be part of the growing community.
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