Chapel Hill, NC Real Estate
According to census data in the year 2000 there were 19,084 housing units in Chapel Hill.
This represents a 28.5% growth from 14,850 in 1990.
Of those housing units, 18,910 were located in either urbanized areas or urban clusters, and 174 were located in what is classified as a rural area.
Homeownership rate in Chapel Hill is about 42.2%.
Chapel Hill's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Chapel Hill were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 9.50% |
| One Bedroom | 15.30% |
| Two Bedrooms | 30.70% |
| Three Bedrooms | 22.50% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 6.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $229,100 |
| Median Price asked for vacant units | $226,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $682 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 15.10% |
| Simple Mortgage | 52.20% |
| Debt Free | 26.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
