Home Price Key
Affordable
Average
Expensive
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 $95,590, lower than the Alabama average of $185,232.
The average cost of rent is $642/mo in Chapel Hill, primarily driven by the current value of real estate in the Chapel Hill area. While nearly 66.50% of residents own their homes outright in Chapel Hill, 15.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chapel Hill is $2,887 per month. Households that rent pay about 22.24% 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.
Nearby Cities
- Penton, AL: less expensive homes
- Marcoot, AL: higher priced homes
- Lafayette, AL: higher priced homes
- Stroud, AL: equally priced homes
- Pooles Crossroad, AL: less expensive homes
- Milltown, AL: higher priced homes
- Tiller Crossroads, AL: higher priced homes
- Five Points, AL: higher 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: higher priced homes
- Cinco, WV: less expensive 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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