Chapel Hill North Carolina Area Home Supply Charts

This page looks at a variety of Chapel Hill North Carolina housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Chapel Hill shows it has a Housing Units of 22,369 which is the second most housing units of all the places in the greater Chapel Hill region.

Figure 2 illustrates the housing density in the Chapel Hill housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Chapel Hill depicts it has a Housing Density of 1056.2 which is in the mid range of other places in the metro area. The city with the highest housing density in the area is Carrboro which shows a density of 1488.8 (41.0% larger). Comparing housing density to the United States average of 39.5, Chapel Hill is substantially bigger. Also, measured against the state of North Carolina, housing density of 96.1, Chapel Hill is considerably bigger.

In Figure 4, Chapel Hill area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Chapel Hill depicts it has a Housing Unit Change of 0.5% which is the smallest when ranked by change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Hillsborough which shows a housing units of 67.0% ( very much bigger). Comparing change in the housing units to the United States average of 7.4%, Chapel Hill is approximately a twelfth the size. Also, measured against the state of North Carolina, change in the housing units of 8.0%, Chapel Hill is only about 6.5% the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Chapel Hill shows it has a Renter Percent of 50.7% which is the second most renter percent of all the places in the greater Chapel Hill region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 49.3% which is the second smallest as measured by owner percent of all the other places in the greater region.

Chapel Hill North Carolina Home Cost Charts

Looking at the housing data provided in Figure 7, the average Chapel Hill home price is illustrated for this community and a useful analysis of affordable housing. Chapel Hill shows it has a Median Home Value of $454,300 which is the largest of all places in the greater Chapel Hill region. Figure 8 provides aggregate comparative data for the Chapel Hill North Carolina metro area in terms of the median housing rental rate, apartment rent, etc. Chapel Hill shows it has a Median Gross Rent of $1,294 which is the third most of all other places in the metro area. The city with the highest rental rates in the area is Fearrington Village CDP which depicts a rental rates of $1,827 (41.2% larger). Comparing rental rates to the United States average of $1,163, Chapel Hill is 11.3% larger. Also, in contrast to the state of North Carolina, rental rates of $988, Chapel Hill is 31.0% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Chapel Hill has the percentage of home price worth between $50,000 to $100,000 less than most other places in the local area at 8% of the total. Second, it has the second smallest when sorted by home price worth less than $50,000 of all the other places in the surrounding region when ranked by home price worth between $100,000 to $200,000 at 15% of the total. Third, it has the largest proportion of home price worth between $400,000 to $500,000 at 27% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $500,000 to $750,000 at 9% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 5% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 5% of the total and is ranked #1. Next it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 5% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Chapel Hill shows it has a Median Owner Cost of $1,844 which is the second most median ownership cost of all the places in the greater Chapel Hill region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Chapel Hill metro area. it has a Owner Cost as % of HH Income of 15% which is less than most other places in the surrounding region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Chapel Hill depicts it has a Median Home Value as Percent of Median Earnings of 635% which is the second most median home value as a percent of median worker earnings of all the places in the greater Chapel Hill region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Chapel Hill depicts it has a Median Owner Costs-With Mortgage of $2,547 which is more than all other places in the greater Chapel Hill region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $863 which is at the top of all other places in the greater Chapel Hill region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Chapel Hill has the percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other places in the surrounding region at 2% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 5% of the total. Third, it has one of the largest proportions of owner cost between $500 and $700 at 15% of the total and is ranked #2. The only larger city being Fearrington Village CDP with 20%. Also, it has the second smallest when ranked by owner cost less than $300 of all the other places in the metropolitan area in terms of owner cost between $1,000 and $1,500 at 11% of the total. In addition, it has the largest proportion of owner cost between $2,500 and $3,000 at 9% of the total and is ranked #1. Furthermore, it has the largest proportion of owner cost between $3,000 and $3,500 at 5% of the total and is ranked #1. Next it has the largest proportion of owner cost between $3,500 and $4,000 at 10% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Chapel Hill depicts it has a % of Income Owner Costs-With Mortgage of 17% which is in the middle range of other places in the surrounding region. The city with the highest cost as a percent of household income in the area is Hillsborough which indicates a cost as a percent of household income of 20% (12.7% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Chapel Hill depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second most of all the places in the local area. The city with the highest cost as a percent of household income in the area is Hillsborough which shows a cost as a percent of household income of 10% (16.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Chapel Hill has the percentage of rent as a percent of income is less than 10 pct less than most other places in the area at 16% of the total. Second, it has in the mid range of other places in the greater region in order of rent as a percent of income is between 20pct to 30pct at 13% of the total. Third, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 37% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Chapel Hill has the largest proportion of housing cost between $2,500 and $3,000 at 13% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $6,540 which is more than all other places in the greater Chapel Hill region. Comparing median real estate taxes paid to the United States average of $2,690, Chapel Hill is approximately 2.4 times bigger. Also, measured against the state of North Carolina, median real estate taxes paid of $1,583, Chapel Hill is approximately 4.1 times bigger.

Figure 22 shows the percentage of renters who pay for utilities in Chapel Hill North Carolina. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Chapel Hill has one of the largest proportions of pay extra for utilities at 9% of the total and is ranked #2. The only larger city being Fearrington Village CDP with 86%.

Figure 23 shows the rental rate distribution for this area. Chapel Hill North Carolina has the percentage of rent between 500 and 750 dollars less than most other places in the local area at 13% of the total. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 42% of the total and is ranked #3. Only #2 Durham (44%), and #1 Carrboro (51%) are larger. Third, it has one of the largest proportions of rent between 1000 and 1500 dollars at 30% of the total and is ranked #2. The only larger city being Morrisville with 50%. Also, it has the largest proportion of rent between $1,500 and $2,500 at 4% of the total and is ranked #1.

Chapel Hill North Carolina Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Chapel Hill has one of the largest proportions of With HELOC no Primary Mortgage at 36% of the total and is ranked #2. The only larger city being Fearrington Village CDP with 64%.

Chapel Hill North Carolina Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is the third most family members per housing unit of all other places in the greater Chapel Hill region. The city with the highest family members per housing unit in the area is Morrisville which depicts a family members per housing unit of 3.3 (only about 5.6% larger). Comparing family members per housing unit to the United States average of 3.3, Chapel Hill is only about 5.1% smaller. Also, measured against the state of North Carolina, family members per housing unit of 3.2, Chapel Hill is about the same size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.2 which is less than most other places in the local area. The city with the highest average number of rooms in a house in the area is Hillsborough which depicts an average number of rooms in a house of 6.0 (15.4% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1988 which is the second smallest as measured by year built of all the other places in the local area. The city with the highest year built in the area is Morrisville which depicts a year built of 2005 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the second smallest in terms of homes built in 2020 or later of all the other places in the metropolitan area at 10% of the total. Second, it has the largest proportion of homes built between 1970 to 1979 at 11% of the total and is ranked #1. Third, it has one of the largest proportions of homes built between 1960 to 1969 at 7% of the total and is ranked #2. The only larger city being Hillsborough with 10%. Also, it has in the mid range of other places in the local area when ranked by homes built between 1940 to 1949 at 3% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 10,195 of the total and is ranked #2. The only larger city being Durham with 56,591.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 4% of the total and is ranked #1. Second, it has the largest proportion of 2 units at 4% of the total and is ranked #1. Third, it has one of the largest proportions of 3 or 4 units at 10% of the total and is ranked #2. The only larger city being Carrboro with 14%. Also, it has the second smallest when sorted by one unit detached of all the other places in the greater region as measured by 50 or more units at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $535,700 of the total and is ranked #1. Second, it has the largest proportion of value of homes built 2010 to 2013 at $595,700 of the total and is ranked #1. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $444,700 of the total and is ranked #2. The only larger city being Carrboro with $459,400. Also, it has the largest proportion of value of homes built 1990 to 1999 at $377,800 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $432,400 of the total and is ranked #1. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $410,500 of the total and is ranked #1. Next it has the largest proportion of value of homes built 1960 to 1969 at $432,000 of the total and is ranked #1. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $273,900 of the total and is ranked #1. And then, it has the largest proportion of value of homes built 1940 to 1949 at $875,000 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Chapel Hill residents. it has a Owner-Household Size of 2.7 which is the third most homeowner household size of all other places in the greater Chapel Hill region. The city with the highest homeowner household size in the area is Morrisville which shows a homeowner household size of 3.0 (10.8% larger).

Figure 37 shows the household size for renters. Chapel Hill depicts it has a Renter-Household Size of 2.3 which is the second most renter household sizes of all the places in the greater Chapel Hill region. The city with the highest renter household size in the area is Morrisville which shows a renter household sizes of 2.3 (only about 3.5% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest in order of owners moved in 2019 or later of all the other places in the metropolitan area at 22% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2018 at 27% of the total and is ranked #3. Only #2 Carrboro (31%), and #1 Morrisville (35%) are larger. Figure 39 shows the year that people who rent moved into the area. Chapel Hill has the percentage of renters moved in 2015 to 2018 the second smallest when sorted by renters moved in 2019 or later of all the other places in the local area at 10% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2010 which is the second smallest when ranked by median year that a home owner moved in of all the other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Chapel Hill shows it has a Renter Median Year Moved In of 2017 which is the largest of all places in the greater Chapel Hill region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using wood at 0% of the total and is ranked #1. Second, it has the largest proportion of homes using solar energy at 0% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Chapel Hill housing department, North Carolina department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Chapel Hill depicts it has a Total In Group Quarters of 11,348 which is the second most number of people in group quarters of all the places in the greater Chapel Hill region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Chapel Hill residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Chapel Hill has one of the largest proportions of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #3. Only #2 Hillsborough (100%), and #1 Fearrington Village CDP (100%) are larger.