Zip 27516 (Chapel Hill, NC) Housing

The housing in 27516 Chapel Hill, NC is much more expensive than the US House Median Value of $338,100. The housing median value in this area is an estimated $542,000, which is significantly higher than the national average. Additionally, the house 1 year appreciation in Chapel Hill is an impressive 15.26%, far exceeding the national average of 8.27%. This means that property values in this area are rising faster than average and can be a great investment for those looking to buy real estate here.

The median home cost in Chapel Hill (zip 27516) is $542,000. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Chapel Hill (zip 27516) is up 25.0%.

Average Age of Homes

- The median age of Chapel Hill (zip 27516) real estate is 28 years old

The Rental Market in Chapel Hill (zip 27516)

- Renters make up 30.9% of the Chapel Hill (zip 27516) population
- 1.4% of houses and apartments in Chapel Hill (zip 27516), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chapel Hill, North Carolina	United States
	17,759.0	139,647,020.0
	27	42
	$542,000	$338,100
	25.0%	16.6%
	72.1%	57.0%
	108.1%	101.1%
	$10.72	$10.98
	$4,201	$2,690
	63.3%	57.4%
	7.7%	11.2%
	29.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.4%	0.4%
	1.0%	0.7%
	0.2%	0.4%
	1.3%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.2%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	1.2%	4.5%
	2.9%	11.3%
	7.1%	13.0%
	16.3%	20.1%
	22.2%	13.6%
	18.1%	8.3%
	21.2%	9.7%
	6.4%	3.9%
	2.1%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	18.0%	13.6%
	18.0%	13.6%
	20.7%	13.6%
	12.7%	13.2%
	11.9%	14.8%
	20.7%	13.6%
	4.4%	10.0%
	1.3%	4.7%
	4.5%	12.2%

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