The housing market in Chapel Hill, NC is thriving. The median value of a house in the area is $550,100, which is significantly higher than the US median of $338,100. Furthermore, the 1 year appreciation rate of houses in Chapel Hill is 15.26%, substantially higher than the national average of 8.27%. This strong appreciation rate suggests that investment in properties in Chapel Hill could bring strong returns.
The median home cost in Chapel Hill is $550,100. Home appreciation the last 10 years has been 108.5%. Home Appreciation in Chapel Hill is up 25.0%.
Average Age of Homes
- The median age of Chapel Hill real estate is 32 years old
The Rental Market in Chapel Hill
- Renters make up 46.8% of the Chapel Hill population
- 2.5% of houses and apartments in Chapel Hill, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.