Rental market snapshot for Chapel Hill, North Carolina

Chapel Hill, North Carolina Rental Property Market Overview

Chapel Hill, North Carolina is a vibrant college town located in the heart of the Research Triangle. Home to the University of North Carolina, Chapel Hill is a bustling community of 61,128 people according to the US Census in 2021. The town is known for its lively downtown area, which is filled with restaurants, shops, and entertainment venues. Chapel Hill is also home to a variety of cultural attractions, including the Ackland Art Museum, the North Carolina Botanical Garden, and the Morehead Planetarium and Science Center. With its diverse population, Chapel Hill is a great place to live and work.

The average rent for an apartment in Chapel Hill is $1,879. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Chapel Hill North Carolina | Cost of Living

  • The most expensive ZIP code in Chapel Hill is 27516 with an average price of $2,174.
  • The cheapest ZIP code in Chapel Hill is 27514 with an average price of $1,742.

Chapel Hill ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
127516$2,174
227517$1,920
327514$1,742

Live near Chapel Hill, North Carolina's Top Sights and Attractions

Coker Arboretum is a beautiful garden located on the University of North Carolina campus. It features a variety of plants, trees, and flowers, as well as a tranquil pond and a picturesque bridge. Visitors can take a leisurely stroll through the gardens, or take a seat on one of the benches and admire the natural beauty. The arboretum is also home to a variety of birds, making it a great spot for bird watching.

Ackland Art Museum is a renowned art museum located in Chapel Hill, North Carolina. It houses an impressive collection of over 17,000 works of art from around the world, including paintings, sculptures, prints, photographs, and more. The museum also features a variety of educational programs, lectures, and events for visitors of all ages. Visitors can explore the galleries and exhibitions, take part in hands-on activities, and view the museum's outdoor sculpture garden. The Ackland Art Museum is a must-see for art lovers and those looking to explore the culture and history of the area.

Meadowmont Park is a beautiful outdoor attraction located in a picturesque setting. It features a large lake surrounded by lush greenery, walking trails, and a playground. There is also a picnic area with tables and grills, as well as a gazebo for relaxing. The park is a great place to take a leisurely stroll, have a picnic, or just enjoy the scenery.

Old Well is a picturesque neoclassical rotunda located on the campus of a university in North Carolina. It is a popular landmark and is often used as a backdrop for photographs. The structure is made of brick and features a domed roof and four Ionic columns. It is said to bring good luck to those who drink from the well, which is filled with fresh water.

Umstead Park is a 5,579-acre park located in the heart of North Carolina. It features a variety of outdoor activities, including hiking, biking, fishing, and camping. The park also has a variety of wildlife, including deer, foxes, and birds. Visitors can explore the park's many trails, which range from easy to challenging. The park also features a lake, picnic areas, and a variety of other amenities.

Homestead Park is a beautiful outdoor area located in Chapel Hill, North Carolina. It features a variety of activities for visitors to enjoy, including a playground, walking trails, picnic areas, and a pond. The park also has a large open field perfect for playing sports or having a picnic. The park is surrounded by lush trees and foliage, making it a great spot to relax and take in the natural beauty of the area.

Cedar Falls Park is a beautiful outdoor attraction located in the heart of North Carolina. It features a stunning waterfall that cascades down a rocky cliff, surrounded by lush greenery and native trees. Visitors can take a leisurely stroll along the winding trails, or take a dip in the cool, clear pool at the base of the falls. The park also offers picnic areas, playgrounds, and a variety of outdoor activities, making it the perfect spot for a family outing.

Kidzu Children's Museum is an interactive, educational attraction designed to engage and inspire children of all ages. The museum features a variety of hands-on exhibits, activities, and programs that encourage creativity and exploration. Visitors can explore a variety of topics, including science, art, music, and more. The museum also offers special events and programs throughout the year, such as story times, art classes, and more.

Pritchard Park is a beautiful outdoor space located in the heart of a bustling college town. It features a large grassy area, a picturesque pond, and a variety of trees and shrubs. The park also has a playground, picnic tables, and a walking path that winds through the park. It is a popular spot for locals and visitors alike to relax, take a stroll, or enjoy a picnic.

Southern Community Dog Park is a large, off-leash dog park located in a beautiful, wooded area. It features a large, grassy area for dogs to run and play, as well as a separate area for small dogs. There are also plenty of benches and picnic tables for owners to relax and socialize. The park also has a walking trail, agility equipment, and a doggy water fountain. It is a great place for both dogs and their owners to get some fresh air and exercise.

Chapel Hill, North Carolina area median rent change by ZIP code map

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How does Chapel Hill compare to other cities in North Carolina?

citymedian price
Belmont$2,295
Troutman$2,100
Unionville$1,975
Clemmons$1,915
Mount Holly$1,870
Salisbury$1,695
Hendersonville$1,669
Mount Pleasant$1,620
Lillington$1,325

Average household income in Chapel Hill area graph - US Census

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The median household income in Chapel Hill in 2021 was $77,037. This represents a 28.8% change from 2011 when the median was $59,793.

#categorypercent
0Less than $10,00011.0%
1$10,000 to $14,9992.7%
2$15,000 to $19,9992.7%
3$20,000 to $24,9994.2%
4$25,000 to $29,9992.9%
5$30,000 to $34,9994.0%
6$35,000 to $39,9992.8%
7$40,000 to $44,9994.2%
8$45,000 to $49,9993.5%
9$50,000 to $59,9995.9%
10$60,000 to $74,9996.0%
11$75,000 to $99,9998.7%
12$100,000 to $124,9997.4%
13$125,000 to $149,9996.0%
14$150,000 to $199,9997.3%
15$200,000 or more20.7%

Neighborhoods in Chapel Hill

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Chapel Hill is $1,879.
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