Durham has received accolade upon accolade in recent years, making Durham real estate some of the hottest in the state. Forbes magazine named Durham number 26 on a list of the top places for business and careers and number 9 in education. The U.S. National Bureau of Economic Research named Durham and Raleigh as the fourth happiest metropolitan area in the United State; Kiplinger named Durham one of the "Cheapest Cities You Will Want to Live In" in 2014; and Livability named it number 29 on its list of "Top 100 Best Places to Live" in 2015.
Those are just a few of the accolades it has received in the last few months. Durham continues to land on many "best of" lists not only for overall quality of living, but also for education, work opportunities, entertainment, health care and more.
The Bull City is a great place to live, making Durham real estate a great investment. Here are a few reasons why:
Durham is home to Duke University, which is a leading education institution, as well as N.C. Central University, a historically black university. Both universities have a lot of history, and both offer a quality education that is recognized around the world.
College Factual named Duke third in the country for best college undergraduate programs, and the university consistently lands on "best of" lists for its undergraduate program, law school, medical school, and business school, among others. U.S. News and World Report named NCCU 11th among HBCUs in the country (third among public HBCUs), and its law school often receives top honors.
Meanwhile, the University of North Carolina is within short driving distance, and that school is often recognized for its high quality of education.
Top Health Care
Duke Hospital is ranked among the best hospitals in the national, and the nearby Research Triangle Park is home to some of the top medical research companies, including GlaxoSmithKline and Blue Cross Blue Shield.
Duke maintains an extensive healthcare system throughout Durham that offers some of the best care in the country, as well as providing thousands of jobs.
Excellent Dining and Recreational Opportunities
Durham has experienced a kind of cultural renaissance in recent years. The downtown area and old tobacco warehouses have become targets for revitalization, including a thriving local food scene. Many restaurants have opened that serve gourmet food made from local ingredients. Places like Bull City Burger, Scratch Baking and Dames Chicken and Waffles have been featured in prestigious publications like the New York Times and continue to receive awards.
The Durham Performing Arts Center welcomes top acts from around the country and hosts touring Broadway plays. The American Tobacco Campus features local festivals and community events, and venues like The Pinhook and Motorco show independent music acts. The Carolina Theatre hosts independent film festivals and welcomes well-known comedians and other acts.
Durham homes are both affordable and beautiful. The median sales price of homes for sale in Durham in the final quarter of 2014 was $172,500. The average price per square foot was $106.
The cost of Durham real estate is only expected to go up as more people learn about the amazing things that Durham has to offer. Looking into homes for sale in Durham now is a smart investment choice as property values have recently dropped but are poised to go up in coming years.
Of course, the best reason to look at Durham homes for sale is to make the city your new home and to enjoy all that it has to offer. Exciting things are happening in Durham. Wouldn't you like to be a part of them?