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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 $428,645, higher than the North Carolina average of $323,314.
The average cost of rent is $1,501/mo in Chapel Hill, primarily driven by the current value of real estate in the Chapel Hill area. In Chapel Hill, 37.83% of households rent, and 36.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapel Hill is $7,938 per month. Households that rent pay about 18.91% of their income on rent here. Chapel Hill’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carrboro, NC: higher priced homes
- Durham, NC: equally priced homes
- Orange Grove, NC: less expensive homes
- Hillsborough, NC: equally priced homes
- Morrisville, NC: higher priced homes
- Saxapahaw, NC: less expensive homes
- Efland, NC: less expensive homes
- Mebane, NC: less expensive homes
- Gorman, NC: less expensive homes
- Swepsonville, NC: less expensive homes
Cities with Similar Populations
- West Valley City, UT: equally priced homes
- Victoria, TX: less expensive homes
- Ventura, CA: higher priced homes
- Waukesha, WI: less expensive homes
- Waukegan, IL: less expensive homes
- The Woodlands, TX: higher priced homes
- Tyler, TX: less expensive homes
- Topeka, KS: less expensive homes
- Upland, CA: higher priced homes
- Tustin, CA: higher priced homes
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