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These days, finding an affordable place to live in the Chapel Hill area can be challenging. Home prices in Chapel Hill are now at a median cost of $142,863, lower than the Alabama average of $228,911.
The average cost of rent is $807/mo in Chapel Hill, primarily driven by the current value of real estate in the Chapel Hill area. In Chapel Hill, 20.62% of households rent, and 41.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapel Hill is $3,424 per month. Households that rent pay about 23.57% of their income on rent here. Chapel Hill’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Penton, AL: higher priced homes
- Marcoot, AL: equally priced homes
- Lafayette, AL: less expensive homes
- Stroud, AL: higher priced homes
- Pooles Crossroad, AL: higher priced homes
- Milltown, AL: less expensive homes
- Tiller Crossroads, AL: higher priced homes
- Five Points, AL: equally priced homes
- Fredonia, AL: higher priced homes
- Moorefield, AL: higher priced homes
Cities with Similar Populations
- Woolum, AR: equally priced homes
- Sunfair, CA: higher priced homes
- Sun City, KS: less expensive homes
- Chical, NM: equally priced homes
- Cinco, WV: equally priced homes
- Stony River, AK: higher priced homes
- Cisco, UT: higher priced homes
- Clarendon, NY: higher priced homes
- Clarkia, ID: higher priced homes
- Chapman, MT: higher priced homes
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