At the turn of the 20th century, East Durham was a bustling blue-collar neighborhood, where thousands of textile workers made a good living under the employ of the Durham Cotton Manufacturing Company. When that shut down during the Great Depression, laid-off workers quickly found new jobs with the neighborhood's prospering tobacco companies. They built or bought sturdy bungalows, Folk Victorians, and foursquares, many with full-length front porches. Following World War II, East Durham underwent a long period of decline that reached its apex in the 1980s and '90s, when the town was overrun by drugs and crime. But things are changing, and structures are being turned into safe and secure single-family homes in a neighborhood that might soon be one of Durham's most sought after. The Houses
You can get a 1,600-square-foot bungalow in fair condition for just $28,500. Or splurge a little and get a two-story 1915 Victorian for $60,000. Houses here sit on peaceful wooded lots. Why Buy Now
Thanks to its coordinates on the famed Research Triangle, a locus for universities and high-tech companies, Durham has seen home prices increase in the past few years. And those looking to live in the city are seeing East Durham with fresh eyes. Houses are a steal, and the neighborhood is an ideal place for professionals commuting to Research Triangle jobs. Any rehab work you do will be eligible for North Carolina's historic preservation tax incentive, which provides a 30 percent credit for the rehabilitation of non-income-producing properties.
Among the best places for: Fixer-Uppers
, First-Time Buyers
, Porch Sitters
, Financial Help for Homeowners
, The South