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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 $263,806, higher than the Mississippi average of $183,008.
The average cost of rent is $765/mo in Chapel Hill, primarily driven by the current value of real estate in the Chapel Hill area. In Chapel Hill, 5.09% of households rent, and 46.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapel Hill is $6,498 per month. Households that rent pay about 11.77% of their income on rent here. Chapel Hill’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carmichael, MS: less expensive homes
- Utica, MS: less expensive homes
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- Jack, MS: less expensive homes
- Reedtown, MS: less expensive homes
- Morning Star, MS: less expensive homes
- Oakley, MS: less expensive homes
- Seven Springs, MS: less expensive homes
- Newmans Grove, MS: less expensive homes
Cities with Similar Populations
- Greensboro, IN: less expensive homes
- Sandtown, AR: less expensive homes
- Scotch Grove, IA: less expensive homes
- Hague, NY: higher priced homes
- Hagensville, MI: less expensive homes
- Hackney, OH: less expensive homes
- Gulf Hammock, FL: less expensive homes
- Grover, CO: higher priced homes
- Grove Hill, NC: less expensive homes
- South Owego, NY: equally priced homes
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