Affordability evidence
Chapel Hill, NC home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Chapel Hill, NC.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Chapel Hill, NC, the 2024 ACS reports a median owner-occupied home value of $613,700, median household income of $85,989, and median selected monthly owner costs of $2,912 for owners with a mortgage. For borrower planning, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,912 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $613,700, $85,989, and $2,912, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Chapel Hill, NC's $613,700 median home-value estimate is above the statewide $288,900 estimate, with a reported city-to-state gap of 112.4%. For borrower planning, that 112.4% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Chapel Hill, NC.