Housing in Chapel Hill, TN is wealthier than the US overall. The median value of a home in Chapel Hill is $356,800 which is significantly higher than the US median value of $338,100. Additionally, the 1 year appreciation rate for homes in Chapel Hill is 15.74%, while the 1 year appreciation rate for homes in the US was 8.27%. This indicates that house values are increasing at a faster rate in Chapel Hill compared to elsewhere.
The median home cost in Chapel Hill is $356,800. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Chapel Hill is up 25.0%.
Average Age of Homes
- The median age of Chapel Hill real estate is 27 years old
The Rental Market in Chapel Hill
- Renters make up 20.1% of the Chapel Hill population
- 1.1% 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.