Market Overview
Home Prices in Chapel Hill, NC
The median home value in Chapel Hill, NC is $642,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chapel Hill are priced57% above average. Chapel Hill is part of the Durham-Chapel Hill, NC metro area.
Over the past five years, Chapel Hill home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Chapel Hill Home Price Trend
City Comparison
Chapel Hill vs. National Median
At $642,319, homes in Chapel Hill cost 57% above the national median of $410,000. Buyers in Chapel Hill should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Chapel Hill?
20% Down Payment
$128,464
on $642,319
Monthly P&I
$3,350/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,255/mo
incl. taxes & insurance
Income Needed
$170,200
gross annual (30% rule)
10% Down Option
$64,232
+ PMI applies
Loan Amount (20% dn)
$513,855
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chapel Hill, NC?
The median home value in Chapel Hill is $642,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Chapel Hill?
Over the past year, home values in Chapel Hill have decreased by 1.1%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Chapel Hill?
To comfortably afford the median home price of $642,319 with a 20% down payment ($128,464) at today's rates (6.8%), you'd need a gross annual income of approximately $170,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Chapel Hill compare to the national average home price?
The national median home value is approximately $410,000. At $642,319, homes in Chapel Hill are 57% above the national average.
What metro area is Chapel Hill part of?
Chapel Hill is part of the Durham-Chapel Hill, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.