Rental market snapshot for Chapel Hill, North Carolina

Chapel Hill, North Carolina Rental Property Market Overview

The average rent for an apartment in Chapel Hill is $1,687. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.9% over the past year.

Chapel Hill is a town located in Orange County, North Carolina. The town is home to the University of North Carolina at Chapel Hill, which is the flagship university of the University of North Carolina system. Chapel Hill is also the home of the North Carolina State Legislature. The town is located in the Research Triangle, which is a region of North Carolina that is home to several research universities and high-tech companies. Chapel Hill has a population of 57,233, and the town's motto is "A City of Learning."

Last Updated December 23, 2022

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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 $1,755
  • The cheapest ZIP Code in Chapel Hill is 27514 with an average price of $1,390

Chapel Hill ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
127516$1,755
227514$1,551

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

Coker Arboretum is a beautiful garden with many different types of flowers and plants. There is also a pond in the center of the Arboretum.

Ackland Art Museum is an art museum in Chapel Hill, North Carolina. The museum has a collection of over 18,000 works of art, including paintings, sculptures, prints, drawings, photographs, and mixed media. The museum also has a library and archives.

Meadowmont Park is a beautiful park located in Chapel Hill, North Carolina. The park features a variety of amenities including a playground, picnic tables, a walking trail, and a pond. The park is a great place to take a stroll, have a picnic, or just enjoy the scenery.

Old Well is a neoclassical structure located on the campus of the University of North Carolina at Chapel Hill. The well is the symbol of the university and can be found on UNC's seal.

Umstead Park is a 5,579-acre state park located in Raleigh, North Carolina. The park features hiking, biking, and horseback riding trails, as well as a lake for fishing and canoeing.

Homestead Park is a beautiful park located in Chapel Hill, North Carolina. The park features a variety of amenities including a playground, picnic tables, a walking trail, and a pond.

Cedar Falls Park is a small park located in the center of Chapel Hill. The park features a waterfall, a small pond, and a walking trail.

Kidzu Children's Museum is a place where kids can explore, play, and learn. There are exhibits on science, art, and culture, as well as a variety of interactive activities. The museum also offers educational programs and events for families.

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
Advance$1,985
Whitsett$2,045
Raleigh$1,940
Youngsville$2,025
Matthews$1,960
Salisbury$1,575
Stallings$1,895
Trinity$1,445
Mount Pleasant$1,725

Average household income in Chapel Hill area graph - US Census

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The median household income in Chapel Hill in 2021 was $75,249. This represents a 28.8% change from 2011 when the median was $58,415.

#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%

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.
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