Chapel Hill, NC housing market
Typical home value
$622K
▼ 0.7% 1 yr
Typical rent
$1,723/mo
▲ 1.1% 1 yr
Gross rent yield
3.3%
U.S. 6.3%
5-year home value change
+28%
U.S. +20%
Key takeaways
- 1The typical home in Chapel Hill is worth $621,909, down 0.7% over the past year and up 28% over five years.
- 2Typical rent is $1,723 a month (+1.1% YoY), a gross rent yield of 3.3% (below the Durham, NC metro's 4.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,418/mo, $1,695 more than typical rent.
- 4Zillow forecasts the Durham, NC metro's home values to change −0.4% over the next 12 months.
Market temperature (Durham, NC metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 27/100, #479 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Chapel Hill compares
| Measure | Chapel Hill | Durham, NC metro | United States |
|---|---|---|---|
| Typical home value | $621,909 | $401,581 | $366,157 |
| Home value, 1-yr change | −0.7% | −2.5% | +1.2% |
| Typical rent | $1,723 | $1,640 | $1,932 |
| Rent, 1-yr change | +1.1% | +2.6% | +2.7% |
| Gross rent yield | 3.3% | 4.9% | 6.3% |
| Price-to-rent ratio | 30.1 | 20.4 | 15.8 |
| Mortgage P&I, typical home | $3,418 | $2,207 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Chapel Hill rental, pre-filled.
Rent vs buy in Chapel Hill
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $622K home.
Landlord in North Carolina? See North Carolina deposit, late fee and notice rules.
Other cities in the Durham, NC metro
Durham, NC
$385K home$1,626 rent
▼ 3.7% 1 yr
Hillsborough, NC
$461K home$1,509 rent
▼ 2.9% 1 yr
Pittsboro, NC
$550K home$1,872 rent
▲ 0.4% 1 yr
Carrboro, NC
$413K home$1,564 rent
▼ 3.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.