How much is a home worth in ZIP code 27704?

The typical home in 27704 is worth $314,247, based on the Zillow Home Value Index.

Are home values rising in 27704?

Home values in 27704 are down 3.1% over the past year, and up 5.6% a year over five years.

What is the typical rent in 27704?

A typical home in 27704 rents for about $1,756 a month, a gross rental yield of 6.7%.

What is the property tax rate in 27704?

The effective property tax rate in 27704 is 0.8% — roughly $2,433 a year on a typical home.

ZIP code 27704 has a population of 40,102 and a median household income of $69,668.

HousingHandbookReference data

…

U.S. ZIP Code · NC27704

Durham County · Durham-Chapel Hill, NC

Typical home value

$314,247^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.1%
5-year / yr: +5.6%
10-year / yr: +8.5%

Relative price

vs U.S.: +10.6%
vs metro: -24.8%
vs state: +10.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 27704 is worth $314,247 — 24.8% below the Durham-Chapel Hill, NC median. Over the past year, values have fallen 3.1%. Homes here rent for a typical $1,756 a month — a 6.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,756^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,433^[3]

#Climate risk

FEMA National Risk Index ratings for Durham County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 40,102^[3]
Median household income: $69,668^[3]

#Migration

Household moves in and out of Durham County over a year, from IRS tax-return data.

Net migration: +459^[5]
Moved in: 15,392
Moved out: 14,933

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 14
Elementary: 5
Middle: 3
High: 4

Voyager Academy
Other · Grades K–12 · Voyager Academy
1,363 students
Northern High
High · Grades 9–12 · Durham Public Schools
1,334 students
Excelsior Classical Academy
Other · Grades K–12 · Excelsior Classical Academy
1,029 students
Neal Middle
Middle · Grades 6–8 · Durham Public Schools
770 students
Brogden Middle
Middle · Grades 6–8 · Durham Public Schools
693 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$21,078

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,589

Loan principal$251,398

Down payment$62,849

Total interest paid$320,644

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.17

Monthly cost to own$2,053

Monthly rent$1,756

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 29th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 64th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 27704?: The typical home in 27704 is worth $314,247, based on the Zillow Home Value Index.
Are home values rising in 27704?: Home values in 27704 are down 3.1% over the past year, and up 5.6% a year over five years.
What is the typical rent in 27704?: A typical home in 27704 rents for about $1,756 a month, a gross rental yield of 6.7%.
What is the property tax rate in 27704?: The effective property tax rate in 27704 is 0.8% — roughly $2,433 a year on a typical home.
Who lives in 27704?: ZIP code 27704 has a population of 40,102 and a median household income of $69,668.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

27583 vs 27704 →
Rougemont CDP, NC
Typical home
$322,136
Gross yield
—
27207 vs 27704 →
NC
Typical home
$291,793
Gross yield
—
27541
NC
Typical home
$345,562
Gross yield
—
27252
Goldston, NC
Typical home
$274,417
Gross yield
—
27344
Siler City, NC
Typical home
$256,968
Gross yield
—
27572
Rougemont CDP, NC
Typical home
$373,334
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC27704

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