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.


Housing Size

Housing Units by Size
Studio Type9.50%
One Bedroom15.30%
Two Bedrooms30.70%
Three Bedrooms22.50%
Four Bedrooms15.60%
Five Bedrooms or more6.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1978
Median Value of occupied units$229,100
Median Price asked for vacant units$226,100

Rented Homes, Apartments and Condos

Average Household Size1.98
Median year structure was built1973
Median Monthly Rent asked for vacant units$682

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage5.40%
Home Equity Loan15.10%
Simple Mortgage52.20%
Debt Free26.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%