Chapel Hill, NC—27517
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 $668,000, with a year-over-year change of 1.1%. This indicates that home prices in Chapel Hill, NC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $668,000 | 1.1% |
| Single Family | $724,000 | 0.6% |
| Condos | $346,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | 1.2% |
2 Bed | $332,000 | -1.5% |
3 Bed | $574,000 | 0.9% |
4 Bed | $873,000 | 0.1% |
| 5 Bed | $1,097,000 | 0.1% |
% of Housing Stock
Rental Trends — Chapel Hill, NC
As of July '25, Rentcast reports the average rent in Chapel Hill, NC is $1,830, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Chapel Hill, NC is studios: $1,510, 1-bedrooms: $1,550, 2-bedrooms: $1,770, 3-bedrooms: $2,220, 4-bedrooms: $3,100. The most common rental property sizes in Chapel Hill, NC are 2-bedroom and 1-bedroom, accounting for 48.9% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,730 | $1,830 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $1,570 | $1,550 |
| 2 Bed Rent | $1,750 | $1,770 |
| 3 Bed Rent | $2,100 | $2,220 |
| 4 Bed Rent | $2,950 | $3,100 |
% 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 56. This is a increase of 4.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $792,000 | -16.0% |
Listing Count | 155 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 56 | 4.0% |
Demographics — Chapel Hill, NC
As of the latest ACS Survey released in 2023, Chapel Hill, NC has a population of 28,700, which has increased by 19.0% over the past 5 years. Chapel Hill, NC is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 74.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 19.0% |
% Under 18 | 18.8% | -2.6% |
% Seniors | 24.7% | 2.9% |
% WFH | 28.6% | 228.7% |
% w/ College Degree | 74.9% | 4.9% |
As of the latest ACS Survey released in 2023, Chapel Hill, NC is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Chapel Hill, NC is hispanic, making up 10.6% of the population. Foreign-born residents account for 12.9% of the population in Chapel Hill, NC, and this percentage has decreased by 12.2% 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 | 69.2% | -7.6% |
% Black | 9.8% | 6.5% |
% Hispanic | 10.6% | 32.5% |
% Asian | 4.5% | -25.0% |
% Foreign Born | 12.9% | -12.2% |
Mortgage and Risk — Chapel Hill, NC
According to HUD data as of 2023, there were 435 mortgage originations in Chapel Hill, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Chapel Hill, NC. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 435 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
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 1.1%. 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. In Chapel Hill, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 143 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,570 | $1,880 |
| 2 Bedroom | $400 | $1,750 | $2,150 |
| 3 Bedroom | $580 | $2,100 | $2,680 |
| 4 Bedroom | $270 | $2,950 | $3,220 |
Affordability — Chapel Hill, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $668,000 |
| Median Household Income | $125,000 |