Area Insights of 27516, Chapel Hill, NC

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 27 homes were sold with 1 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

27516, Chapel Hill, NC

Date

07-17-2023

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

No schools available

Middle School

C&L McDougle Middle School

6 to 8

Ratings

C+

Culbreth Middle School

6 to 8

Ratings

D+

Margaret B. Pollard Middle School

6 to 8

Ratings

C

Smith Middle School

6 to 8

Ratings

C+

High School

Phoenix Academy High School

8 to 12

Ratings

D

Chapel Hill High School

9 to 12

Ratings

A-

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 22% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (50,377)
24,413 Male
25,964 Female
Education
8% High School
6% Associate
29% Bachelor
44% Graduate
Age

Average Age is 36 Years

Household Details

The area's household landscape is diverse, with 68% owner-occupied homes and 32% renter-occupied properties. Family households represent 63% of the population, indicating a strong community focus on family living. The average home value stands at $702,795, which suggests ample demand for multi-bedroom properties.

Total Households
18,453
Average home value
$702,795
Owned
68%
Rented
32%
Vacant
7%
Families
63%
Married
53%
With children
29%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 10% Asian, 8% Black, and 0% Native residents, alongside 68% White and 9% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 46% of households earning over $100,000 annually, while 23% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
3%
Healthcare
15%
Professional
15%
Education
23%
Services
19%
Labor
11%
Retail
7%
Other
7%
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