Chapel Hill, NC has a population of 59,234, while the median age is 26. The household income in Chapel Hill, NC is around $67,426. The homeownership rate among the residents is 48%. The median residential property value in Chapel Hill, NC that you should keep in mind is $397,700.
Population | 59,234 |
Median Age | 26.4 |
Poverty Rate | 20% |
Household Income | $67,426 |
Number Of Employees | 29,482 |
Median Property Value | $397,700 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $13,195 | +87.8% |
1-bed apartments | $2,063 | -35.2% |
2-bed apartments | $2,529 | -34.9% |
3-bed apartments | $2,582 | -59.6% |
4+ bed apartments | $5,440 | -49.5% |
Over the May 2023, the average rent for an apartment in/near Chapel Hill, NC decreased by 45.7% to $3,450.
Compared to the last month, the average price for a rental studio in Chapel Hill, NC has increased by 87.8%. You can expect to rent the studio for $13,195 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 35.2% to $2,063. Pricing for 2-bed apartment also decreased by 34.9% and a place of this size will now cost you $2,529. 3-bed apartment rent pricing starts at $2,582, it decreased by 59.6% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 49.5% and made it down to $5,440.
Rent Type Price |
May | vs Last Month |
---|---|---|
Townhouses for rent | $6,987 | -43.7% |
Houses for rent | $3,180 | -55% |
Condos for rent | $1,775 | -58.1% |
Apartments for rent | $5,013 | -1.6% |
Rooms for rent | $1,004 | N/A |
The median rent for an apartment in Chapel Hill, NC decreased by 1.6% to $5,013. Statistics show that house rent price decreased by 55% this month making it up to $3,180. Condos faced an upward trend these days. The median rent for a condo decreased by 58.1%, it’s now available for $1,775. If you’re looking for a room, the price tag still starts at $1,004. The median price did not change this time. The median rent for a townhouse decreased by 43.7%, you’ll have to spend around $6,987 to get one.