Durham attracts mid-career professionals
While cities offer amenities and services to people of all ages, there are some metros that are better suited to individuals fitting a certain age bracket. Durham, North Carolina, is a metro that provides the professional, economic and social elements that attract those in the middle of their career. According to MSN Real Estate, Durham is a veritable hotbed of activity, and could attract potential buyers to this mid-sized city.
Housing in Durham
According to ALTOS Research, the median price of a single-family home in Durham was $182,146 on September 14, 2012. The news source claims that this is slightly below the median cost of a home for the nation, which could prompt potential property buyers to consider the housing market surrounding Durham. However, this decreased cost could change. On September 1, 2012, the median price for a home was approximately $179,000, which means prices are going up as the state of the local economy continues to improve. Single-family homes for sale in Raleigh-Durham had a median price per square foot of $96 on September 14, 2012.
The cost of living in this city is slightly higher than the nation's average, but the metro makes up for it with a relatively strong local economy, steady employment opportunities and stable population growth, MSN Real Estate claims. In addition, with the average property in Durham spending about 186 days on the market, it should be easy to find an affordable home that is listed for sale and negotiate for a decreased price.
Professional opportunities in Durham
One of the greatest positives about living in Durham is the relatively strong employment record for the region. According to the United States Department of Labor's Durham-Chapel Hill employment statistics, the unemployment rate in the area was 7.9 percent in July 2012 - down from 8 percent in June 2012.
There was a civilian labor force of 270,500 people in July 2012. The news source reports that Durham is a hot bed of activity for tech startups. In addition, the city contains the Research Triangle. The triangle is a partnership between multiple reputable universities and research centers that focus on the industries of biological, environmental and computer technologies.