Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Chapel Hill area can be challenging. Home prices in Downtown Chapel Hill are now at a median cost of $761,738, higher than the Chapel Hill average of $428,645.
The average cost of rent is $1,632/mo in Downtown Chapel Hill, primarily driven by the current value of real estate in the Downtown Chapel Hill area. In Downtown Chapel Hill, 73.82% of households rent, and 61.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Chapel Hill is $2,944 per month. Households that rent pay about 55.45% of their income on rent here. Downtown Chapel Hill’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- University of NC at Chapel Hill, Chapel Hill, NC: less expensive homes
- North Garrett Road, Durham, NC: less expensive homes
- Old West Durham, Durham, NC: less expensive homes
- Downtown Durham, Durham, NC: less expensive homes
- Trinity Park, Durham, NC: equally priced homes
- East Durham, Durham, NC: less expensive homes
- Northeast Durham, Durham, NC: less expensive homes
- Northwest Raleigh, Raleigh, NC: less expensive homes
- West, Raleigh, NC: less expensive homes
- Glenwood, Raleigh, NC: higher priced homes
Neighborhoods with Similar Populations
- Blanco Gardens, San Marcos, TX: less expensive homes
- Embrey Mill, Stafford, VA: less expensive homes
- Denver International Airport, Denver, CO: less expensive homes
- Providence Estates East, Matthews, NC: less expensive homes
- Downtown Frederick, Frederick, MD: less expensive homes
- West Lincoln, Lincoln, NE: less expensive homes
- West Cloverdale, Boise, ID: less expensive homes
- The Gardens, Ocean City, NJ: higher priced homes
- Spring Glen, Hamden, CT: less expensive homes
- South Ruffner, Charleston, WV: less expensive homes
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