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Chapel Hill town, NC

ZIP 27514 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27514

Median Home Value
$628,700
Median Rent
$1,388
Affordability Snapshot
$173,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,039/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

37.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 27514 in Chapel Hill town, NC, a household would need roughly $173,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,039. That is about 84% above the local median household income ($94,167), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
50.2%-23% vs US avg
x
Vacancy Rate
12.0%+16% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
11.0%-26% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
35.4%-29% vs US avg
x
Mortgage-Free
42.5%+11% vs US avg
x
$628,700
Home Value
$1,388
Rent
1986
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached42.1%
  • 1-unit attached9.6%
  • 2-9 units15.3%
  • 10+ units31.4%
  • Mobile home & other1.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$628,700
Median rent$1,388
Owner-occupied50.2%
Vacant12.0%
Price-to-income6.7x
Est. income to buy$173,000