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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 $167,200, lower than the Arkansas average of $207,061.
The average cost of rent is $395/mo in Chapel Hill, primarily driven by the current value of real estate in the Chapel Hill area. In Chapel Hill, 34.56% of households rent, and 49.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapel Hill is $4,495 per month. Households that rent pay about 8.79% 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
- Process City, AR: less expensive homes
- DeQueen, AR: less expensive homes
- West Otis, AR: equally priced homes
- Kellum, AR: equally priced homes
- Horatio, AR: less expensive homes
- Pullman, AR: less expensive homes
- Neal Springs, AR: less expensive homes
- Walnut Springs, AR: less expensive homes
- Geneva, AR: less expensive homes
- Red Wing, AR: less expensive homes
Cities with Similar Populations
- Rockwood, IL: less expensive homes
- Richey, MT: higher priced homes
- Rinehart, WV: less expensive homes
- Riverside, NM: higher priced homes
- Riverside, WY: higher priced homes
- Swans Island, ME: higher priced homes
- Robbinston, ME: higher priced homes
- Vasco, TX: higher priced homes
- Hagedorns Mills, NY: higher priced homes
- Rockton, WI: higher priced homes
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