There are currently 28,518 real estate properties in Chapel Hill, NC, with a median automated valuation model (AVM) price of $466,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chapel Hill, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chapel Hill, NC, is $508,166.00, with the most expensive house in Chapel Hill, NC, topping out at $22,515,400.00 and the cheapest home in Chapel Hill, NC, clocking in at $35,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Chapel Hill, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chapel Hill, NC, is on a rollercoaster ride. The average rent price in Chapel Hill, NC, is $1,991.00. Indeed, when looking to rent in Chapel Hill, NC, you can expect to pay as little as $600.00 or as much as $4,020.00, with the average rent median estimated to be $1,920.00. The good news is that finding an affordable and desirable property to rent in Chapel Hill, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chapel Hill, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Chapel Hill, NC and much more. Save thousands at closing with home foreclosure listings in Chapel Hill, NC — up to 75% off market value!
Chapel Hill is located in Orange, North Carolina, with an estimated municipal population of 64,051 residents. All of the best foreclosed homes for sale in Chapel Hill are located in the following zip code areas on Foreclosure.com: 27516 27514 27517 27515 27599. The estimated population per square kilometer (.62 miles) in Chapel Hill is 1,148.
So, about how much do homes cost in Chapel Hill? The most recent median value of resident-owned homes in Chapel Hill is 399,755. An estimated 50.3 percent of households in Chapel Hill own their homes, with an average family size of 3.07. The median household income in Chapel Hill is 73,614, with41.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chapel Hill, the median commute time of resident workers (in minutes) is 19.8. And last, but certainly not least, are you looking for homes to rent in Chapel Hill? If so, the average rent price paid by renters in Chapel Hill is 1,191, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chapel Hill, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Chapel Hill is 25.8, split between 47 percent male versus 53 female. The percentage of residents who report being married in Chapel Hill is 36.3, with an average family size of 3.07.
The percentage of residents who report their race in Chapel Hill is as follows:
|Black / African American||10.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Chapel Hill? Or maybe you are searching for 55+ active adult communities in and/or near Chapel Hill?
The percentage of residents who report their age in Chapel Hill is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chapel Hill with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chapel Hill.
How do you know that living in -- or moving to -- Chapel Hill is right where you need to be? Perhaps you grew up in Chapel Hill or already live nearby; therefore, the decision to buy a home in Chapel Hill is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chapel Hill for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chapel Hill:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chapel Hill.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chapel Hill can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chapel Hill, meanwhile, can field multiple offers from more qualified buyers.