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Chapel Hill, TN—37034

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$385,000
2.9% YoY Growth
Household Income
$84,900
52.2% YoY Growth
Days on Market
101
13.0% Longer YoY
Home Price Forecast
3.0%
Median Rent
$1,820
12.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,700
2.2% YoY Growth
3-Bed Rent
$1,750
24.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Chapel Hill, TN

As of Dec '25, the median home price in Chapel Hill, TN is $385,000, with a year-over-year change of 2.9%. This indicates that home prices in Chapel Hill, TN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$385,0002.9%
Single Family $385,0002.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$384,0002.1%
    4 Bed
    		$415,0000.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    2.0%
    2 Bedrooms
    10.4%
    3 Bedrooms
    65.9%
    4 Bedrooms
    14.5%
    5+ Bedrooms
    6.0%

    Rental Trends — Chapel Hill, TN

    As of July '25, Rentcast reports the average rent in Chapel Hill, TN is $1,920, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Chapel Hill, TN is 2-bedrooms: $1,760, 3-bedrooms: $1,940, 4-bedrooms: $2,100. The most common rental property sizes in Chapel Hill, TN are 3-bedroom and 2-bedroom, accounting for 80.7% and 11.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,820$1,920
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,700$1,760
    3 Bed Rent $1,750$1,940
    4 Bed Rent $2,100$2,100
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    % of Rental Stock

    Studio
    0.6%
    1 Bedroom
    3.9%
    2 Bedrooms
    11.9%
    3 Bedrooms
    80.7%
    4 Bedrooms
    2.9%

    Property Listings — Chapel Hill, TN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Chapel Hill, TN is 81. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$397,000-2.0%
    Listing Count
    		6357.0%
    Listings as % of Homes1.0%57.0%
    Days on Market
    		10113.0%
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    Demographics — Chapel Hill, TN

    As of the latest ACS Survey released in 2023, Chapel Hill, TN has a population of 8,600, which has increased by 18.6% over the past 5 years. Chapel Hill, TN is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,60018.6%
    % Under 18
    		25.2%4.1%
    % Seniors
    		14.5%-9.4%
    % WFH
    		16.8%441.9%
    % w/ College Degree
    		19.2%-1.5%
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    As of the latest ACS Survey released in 2023, Chapel Hill, TN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Chapel Hill, TN is hispanic, making up 5.5% of the population. Foreign-born residents account for 4.0% of the population in Chapel Hill, TN, and this percentage has increased by 3900.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.9%-3.8%
    % Black
    		1.0%-47.4%
    % Hispanic
    		5.5%400.0%
    % Asian
    		0.5%∞%
    % Foreign Born
    		4.0%3,900.0%
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    Mortgage and Risk — Chapel Hill, TN

    According to HUD data as of 2023, there were 377 mortgage originations in Chapel Hill, TN, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Chapel Hill, TN. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		377
    % Conventional Loans
    		66.0%
    % Government Loans
    		34.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Chapel Hill, TN

    Chapel Hill, TN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,070
    2 Bedroom-$330$1,700$1,370
    3 Bedroom$60$1,750$1,810
    4 Bedroom-$280$2,100$1,820

    Affordability — Chapel Hill, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$385,000
    Median Household Income$84,900

    Chapel Hill, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    37180

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    37060

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    37153

    Frequently Asked Questions