Chapel Hill, North Carolina Real Estate & Homes for Sale in Orange County

Chapel Hill, North Carolina Average Home Sizes and Asking Prices

Updated On: May 19, 2012

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
27514	3,000 sf	$761,000	2,100 sf	$444,000	85	1,700 sf	$257,000	1,100 sf	$143,000	14
27516	3,100 sf	$494,000	2,100 sf	$338,000	175	1,900 sf	$277,000	1,400 sf	$221,000	30
27517	3,900 sf	$685,000	3,000 sf	$489,000	222	2,200 sf	$356,000	1,500 sf	$198,000	32

Change and Trend of Asking Price in 27514	Check Also  More Zip Code 27516 27517

Sold Price History in 27514

Homes for Sale in Chapel Hill

Chapel Hill Real Estate & Homes for Sale in North Carolina

The quintessential college town, Chapel Hill is a historic, charming town of approximately 50,000 residents that enjoy an idyllic tree-lined setting with the cultural amenities of a larger city. This charming community is located about 30 minutes from the state capital of Raleigh. Chapel Hill real estate options include condominiums, townhouses, single-family homes and estate properties.

Home to the University of North Carolina (UNC), the nation's oldest public university (established in 1789 and incorporated in 1819), Chapel Hill's growth has been linked to UNC and the proximity of the Research Triangle Park. A true college town, many of Chapel Hill's community activities and popular recreation spots are on or near the UNC campus. UNC Memorial Hall, NC Botanical Garden, Forest Theater, Ackland Art Museum, and the Morehead Planetarium and Science Center are just a few of the many local attractions.

In addition to UNC, there are many other prestigious universities within a 30-minute drive, including Duke University (Durham), North Carolina Central University (Durham) and North Carolina State University (Raleigh). The impact of UNC on the local community is enormous. An estimated 26% of all jobs and 40% of all wages paid in Orange County are provided by UNC and UNC Hospitals. University presence contributes significantly to the strength of the local economy.

Home to more restaurants per capita than any other city in the United States, Chapel Hill features nationally recognized specialty restaurants, a wide variety of ethnic cuisine, as well as five-star international cuisine. Within a short drive are more than forty local farms supplying organic vegetables, fruits, and artisanal breads and cheeses to restaurants and several local farmers markets. Several stylish malls, galleries, and the downtown district provide a diversified and sophisticated "urban" experience. Chapel Hill-Carrboro City Schools are considered to be among the best in the nation.

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Price Range of Chapel Hill, NC Houses for Sale

The Chapel Hill real estate market offers something for everyone. Chapel Hill condominiums and townhouses with shared recreational facilities such as tennis courts and swimming pools can be found listed in the $100,000 range. Large, contemporary Chapel Hill homes built on generous lots are priced starting at around $155,000 with average prices at around $320,000. Estate properties such as the exclusive Governors Club area with expansive wooded lots and golf course frontage are available starting around $500,000.

Chapel Hill Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $488,721 compared to $491,374 the previous week, for a slight decrease of less than -1%.  For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.75%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.38%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Chapel Hill NC. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Chapel Hill to help you find the best home!