Chapel Hill Home Prices & Values

$328,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9% 1-year change
  • 2.1% 1-year forecast

The median home value in Chapel Hill is $328,300. Chapel Hill home values have gone up 1.9% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Chapel Hill is $161, which is higher than the Durham Metro average of $125. The median price of homes currently listed in Chapel Hill is $399,900 while the median price of homes that sold is $320,690. The median rent price in Chapel Hill is $1,300, which is higher than the Durham Metro median of $1,195.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chapel Hill is 0.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chapel Hill homeowners underwater on their mortgage is 8.3%, which is lower than Durham Metro at 14.4%.

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Relative ZHVI
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Chapel Hill Market Overview

Data through Jun 30, 2014
  • $328,300 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $399,900 Median listing price
  • $320,690 Median sale price
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Chapel Hill Market Health

Data through Jun 30, 2014
  • 4.9/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 8.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 0.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Apex $262,600 Morrisville $242,200 Pittsboro $237,100
Carrboro $220,700 Hillsborough $214,500 Moncure $199,800
Efland $158,800 Durham $158,700 Mebane $149,900

Listings & Sales

Data through Jun 30, 2014
  • $161 Median list price / sq ft
  • $154 Median sale price / sq ft
  • 41.9% Listings with price cut
24.3%
Sold below listing
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Chapel Hill Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,691 Chapel Hill
$1,291 Durham Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,300 Rent list price
  • $0.97 Rent list price / sq ft
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