Home prices
Chapel Hill's median home cost is $399,700. It is about $135,740 (51%) higher compared to nearby areas.It is approximately $182,200 (83%) higher in comparison to the rest of the nation, and compared to the city of Raleigh it is roughly $151,400 (60%) higher.
Rents
In Chapel Hill the median rent is $1,191 per month. Compared to its nearby areas it is roughly $107 (9%) higher.Compared to the US as a whole it is roughly $129 (12%) higher, and in comparison to the city of Raleigh is approximately $70 (6%) higher.
Nearby places
Carrboro
Carrboro is Chapel Hill's neighbor to the west. Real estate prices there are a little less expensive. The value of the median home in Carrboro is $368,800, which works out to $30,900 (8%) lower than Chapel Hill. Rents there are somewhat less expensive. Carrboro's median rent is $1,078 per month, which comes out to $113 (10%) lower than Chapel Hill.
Durham
Durham is Chapel Hill's neighbor to the northeast. Real estate prices there are substantially less expensive. The price of the median home in Durham is $224,100, which comes out to $175,600 (78%) lower than Chapel Hill. Rent there is a little less expensive. In Durham the median monthly rent is $1,058, which works out to $133 (12%) lower than Chapel Hill.
Hillsborough
Hillsborough is about 10 miles north from Chapel Hill. The real estate prices there are significantly less expensive. The median home cost in Hillsborough is $261,200, which works out to $138,500 (53%) lower than Chapel Hill. Rent there is a bit less expensive. Hillsborough's median rent is $1,025 a month, which comes out to $166 (16%) lower than Chapel Hill.
Morrisville
Morrisville is roughly 11 miles southeast from Chapel Hill. Its housing prices are a little less expensive. Morrisville's median home price is $331,800, which is $67,900 (20%) lower than Chapel Hill. Its rents are a bit more expensive. The median rent in Morrisville is $1,398 a month, which comes out to $207 (14%) higher than Chapel Hill.
Saxapahaw
Saxapahaw is about 13 miles west from Chapel Hill. Its housing prices are substantially less expensive. The median home cost in Saxapahaw is $133,900, which comes out to $265,800 (198%) lower than Chapel Hill. The rent there is substantially less expensive. In Saxapahaw the median monthly rent is $861, which is $330 (38%) lower than Chapel Hill.
