Why Live in Patterson Place
Patterson Place in Durham, NC, features a variety of housing options, including apartments, condos, townhomes, and standalone single-family homes. Home styles range from 1980s townhomes to modern farmhouse-style new builds. The neighborhood is known for its parks, such as Old Chapel Hill Park, which offers a multiuse athletic field, basketball court, greenway access, and a playground. The Five Oaks Recreational Association provides amenities like an outdoor pool, hiking trails, pickleball courts, and a fitness center. Leigh Farm Park, with its historic 19th-century buildings and the Piedmont Wildlife Center, adds a touch of history and nature. Shopping is convenient with New Hope Commons Mall and Patterson Place shopping center nearby, featuring big box stores like Walmart and Home Depot, and dining options such as First Watch and Carrabba’s Italian Grill. For a more upscale dining experience, Elements Restaurant & Wine Bar in Chapel Hill is about 5 miles away. Downtown Durham and Chapel Hill are both approximately 7 miles from Patterson Place, making commuting easy via US Route 501 and I-40. Research Triangle Park, a major employment hub, is about 11 miles away. Jordan High, a highly rated school, serves older students and offers a variety of Advanced Placement courses. The neighborhood's crime rate is lower than the national average, contributing to its appeal for families and professionals alike.
Frequently Asked Questions
Is Patterson Place a good place to live?
Patterson Place is a good place to live. Patterson Place is considered very car-dependent and somewhat bikeable with minimal transit options. Patterson Place is a suburban neighborhood. Patterson Place has 6 parks for recreational activities. It is fairly sparse in population with 3.0 people per acre and a median age of 35. The average household income is $89,064 which is below the national average. College graduates make up 51.3% of residents. A majority of residents in Patterson Place are renters, with 68.7% of residents renting and 31.3% of residents owning their home. A
local real estate agent serving Patterson Place can help you decide if this neighborhood is the right one for you. Learn more on our
Patterson Place neighborhood guide.
Is Patterson Place, NC a safe neighborhood?
Patterson Place, NC is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Patterson Place?
The median home price in Patterson Place is $455,000. If you put a 20% down payment of $91,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Patterson Place. The average household income in Patterson Place is $89K.
What are the best public schools in Patterson Place?
The best public schools that serve Patterson Place are:
What are the best private schools in Patterson Place?
The best private schools that serve Patterson Place are:
What are the most popular zip codes in Patterson Place, Durham, NC?
What are the most popular neighborhoods near Patterson Place, Durham, NC?
Are home prices dropping in Patterson Place?
Yes, home prices in Patterson Place are down 12% in the last 12 months.
Home Trends in Patterson Place, NC
On average, homes in Patterson Place, Durham sell after 31 days on the market compared to the national average of 50 days. The median sale price for homes in Patterson Place, Durham over the last 12 months is $452,500, down 24% from the median home sale price over the previous 12 months.
Median Sale Price
$452,500
Median Single Family Sale Price
$720,000
Median Townhouse Sale Price
$440,900
Median 2 Bedroom Sale Price
$269,999
Average Price Per Sq Ft
$240
Number of Homes for Sale
10
Last 12 months Home Sales
140
Median List Price
$455,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-24%