Chapel Hill, NC


Highest Appreciating Chapel Hill Neighborhoods Since 2000

Chapel Hill, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chapel Hill Housing Market Information

With 59,568 people, 20,335 houses or apartments, and a median cost of homes of $407,778, Chapel Hill house prices are not only among the most expensive in North Carolina, Chapel Hill real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Chapel Hill, accounting for 40.41% of the town's housing units. Other types of housing that are prevalent in Chapel Hill include large apartment complexes or high rise apartments ( 35.45%), row houses and other attached homes ( 13.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.71%).

People in Chapel Hill primarily live in small (one, two or no bedroom) single-family detached homes. Chapel Hill has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Chapel Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chapel Hill built between 1940-1969 ( 23.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.56%). There's also some housing in Chapel Hill built before 1939 ( 3.25%).

Chapel Hill Home Appreciation Rates

Appreciation rates for homes in Chapel Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.35%, which ranks in the top 40% nationwide. This equates to an annual average Chapel Hill house appreciation rate of 0.81%.

Over the last year, Chapel Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Chapel Hill's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chapel Hill were at 0.02%, which equates to an annual appreciation rate of 0.08%.

Relative to North Carolina, our data show that Chapel Hill's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Chapel Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chapel Hill - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chapel Hill real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,096,000 3.4
$822,001 - $1,096,000 5.3
$548,001 - $822,000 21.8
$439,001 - $548,000 15.5
$329,001 - $439,000 20.4
$219,001 - $329,000 16.8
$110,001 - $219,000 13.8
$55,001 - $110,000 1.7
$0 - $55,000 1.4

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
9.13512246572132 3.26678765880218

Number Of Homes And Apartments:

Chapel Hill Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.93% 2.42% 9 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,366 / per month

Homeownership Rate

Owners 39.00
Renters 61.00
Vacant 8.42

Housing Market Details


Age of Homes

AGE OF Chapel Hill HOMES
2000 or Newer 19.6
1970 - 1999 54.0
1940 - 1969 23.2
1939 or Older 3.2

Types of Homes

Single-Family 40.4
Townhomes 13.8
Small Apt. Buildings 9.7
Apt. Complexes 35.5
Mobile Homes 0.6
Other 0.0

Home Size

No Bedroom 0.91
1 Bedroom 14.10
2 Bedrooms 34.61
3 Bedrooms 25.12
4 Bedrooms 17.79
5 or more bedrooms 7.47