Chapel Hill, TN—37034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chapel Hill, TN
As of Oct '25, the median home price in Chapel Hill, TN is $387,000, with a year-over-year change of 3.0%. This indicates that home prices in Chapel Hill, TN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 3.0% |
| Single Family | $388,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $387,000 | 2.4% |
4 Bed | $417,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,760 |
| 3 Bed Rent | $1,750 | $1,940 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Chapel Hill, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Chapel Hill, TN is 55. This is a increase of 6.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $388,000 | -1.0% |
Listing Count | 81 | 62.0% |
| Listings as % of Homes | 1.0% | 62.0% |
Days on Market | 55 | 6.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,600 | 18.6% |
% Under 18 | 25.2% | 4.1% |
% Seniors | 14.5% | -9.4% |
% WFH | 16.8% | 441.9% |
% w/ College Degree | 19.2% | -1.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $387,000 |
| Median Household Income | $84,900 |