Chapel Hill, NC—27514
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Chapel Hill, NC
Home Price Trends — Chapel Hill, NC
As of Oct '25, the median home price in Chapel Hill, NC is $646,000, with a year-over-year change of 1.3%. This indicates that home prices in Chapel Hill, NC are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $646,000 | 1.3% |
| Single Family | $762,000 | 1.3% |
| Condos | $254,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | -4.2% |
2 Bed | $280,000 | -2.1% |
3 Bed | $561,000 | 0.5% |
4 Bed | $862,000 | 1.4% |
| 5 Bed | $1,141,000 | 1.6% |
% of Housing Stock
Rental Trends — Chapel Hill, NC
As of July '25, Rentcast reports the average rent in Chapel Hill, NC is $1,870, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Chapel Hill, NC is studios: $1,600, 1-bedrooms: $1,600, 2-bedrooms: $1,830, 3-bedrooms: $2,340, 4-bedrooms: $3,660. The most common rental property sizes in Chapel Hill, NC are 2-bedroom and 1-bedroom, accounting for 47.7% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,870 |
| Studio Rent | $1,620 | $1,600 |
| 1 Bed Rent | $1,610 | $1,600 |
| 2 Bed Rent | $1,620 | $1,830 |
| 3 Bed Rent | $2,300 | $2,340 |
| 4 Bed Rent | $3,150 | $3,660 |
% of Rental Stock
Property Listings — Chapel Hill, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Chapel Hill, NC is 70. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $641,000 | 4.0% |
Listing Count | 110 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 70 | 5.0% |
Demographics — Chapel Hill, NC
As of the latest ACS Survey released in 2023, Chapel Hill, NC has a population of 32,600, which has remained stable by 1.0% over the past 5 years. Chapel Hill, NC is a less popular place for families, as children make up 13.5% of the population. The area has a highly educated workforce, with 80.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,600 | 1.0% |
% Under 18 | 13.5% | -10.0% |
% Seniors | 12.6% | 4.1% |
% WFH | 30.2% | 174.5% |
% w/ College Degree | 80.1% | 6.5% |
As of the latest ACS Survey released in 2023, Chapel Hill, NC is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Chapel Hill, NC is asian, making up 14.6% of the population. Foreign-born residents account for 15.8% of the population in Chapel Hill, NC, and this percentage has decreased by 3.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.3% | -9.1% |
% Black | 9.7% | 31.1% |
% Hispanic | 8.6% | 11.7% |
% Asian | 14.6% | 8.1% |
% Foreign Born | 15.8% | -3.1% |
Mortgage and Risk — Chapel Hill, NC
According to HUD data as of 2023, there were 285 mortgage originations in Chapel Hill, NC, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Chapel Hill, NC. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 285 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Chapel Hill, NC
As of 2024, the percent of homes in Chapel Hill, NC under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Chapel Hill, NC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 242 |
Total Units Section 8 | 176 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,610 | $1,770 |
| 2 Bedroom | $400 | $1,620 | $2,020 |
| 3 Bedroom | $220 | $2,300 | $2,520 |
| 4 Bedroom | -$120 | $3,150 | $3,030 |
Affordability — Chapel Hill, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $646,000 |
| Median Household Income | $94,200 |