ZIP 27704
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 27704 usually run 1.1% below trend in January and 1.7% above it in July, about $49 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 27704 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 27704 changed +2.5% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in ZIP 27704 rose 39.5% while median household income rose 44.3% ($48,281 to $69,668). Income kept ahead of rent.
Rent in ZIP 27704 is 41.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($69,668) is $1,742 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,690); a 3-bedroom is $2,110.
5th cheapest of 6 ZIP codes in Durham.
ZIP 27705, 8 miles away, rents for 12% less ($1,536/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 27704. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 27704 (Durham, NC) is majority owner-occupied, 34.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27704 in Durham, NC has changed in 5 years
Since 2021, the typical rent in ZIP 27704 in Durham, NC has increased from $1,343 to $1,741, a 29.6% change over five years. On the earnings side, the typical household in ZIP 27704 in Durham, NC now reports about $69,668, up from $53,831 in 2021. The population has contracted by 2.9% since 2021, moving from about 41,315 residents to roughly 40,102. Renters now make up 39.3% of households, compared with 43.3% five years ago. College-educated residents now make up 34.2% of adults here, versus 29.8% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 27704 in Durham, NC reflects that arc in its own way.
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Tips for renters in ZIP 27704
Last updated: October 17, 2026
ZIP code 27704 covers Durham, NC. The median rent here is $1,741/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,690/mo.
At 30% of local median household income ($69,668/yr), ZIP 27704 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
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How does ZIP 27704 compare to the rest of Durham?
At $1,741/mo, rent takes ~30% of ZIP 27704's median household income ($69,668/yr). The standard benchmark is 30%.
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