The story of this market
The typical home in ZIP 27514 sells for about $850,000, or $345 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,626 a month.
ZIP 27514 — Chapel Hill
The 27514 housing market remains resilient, supported by high demand from university-affiliated residents and limited inventory. While price growth has moderated compared to previous years, the area maintains strong sale-to-list ratios and steady activity. Market conditions are currently driven by the unique academic-centric economy of Chapel Hill.
This ZIP is ideal for university faculty, staff, and students, as well as families seeking high-quality schools and proximity to a vibrant, walkable downtown. It is less suited for those seeking low-density, budget-friendly suburban housing.
Median prices moved down 1.2% year over year.
Homes spend a median of 22 days on market with 3.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 14.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27514, Orange County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Chapel Hill area are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered safe, benefiting from the presence of university security and local municipal police.
The area is served by the highly-rated Chapel Hill-Carrboro City Schools district, which is consistently ranked among the top-performing public school systems in North Carolina.
The region faces moderate risks from severe thunderstorms and occasional tropical remnants, though it is well inland from the coast. Flood zones are primarily concentrated along local creek beds and the Morgan Creek watershed.
Economic momentum is driven by the University of North Carolina at Chapel Hill and the proximity to the Research Triangle Park. Development is focused on infill projects and mixed-use expansion near the university core.
Property taxes are levied by Orange County and the Town of Chapel Hill, with additional special district taxes for school funding. The tax structure is based on ad valorem assessments conducted by the county.
Residents primarily commute via NC-54 and US-15/501, with significant transit connectivity provided by the Chapel Hill Transit bus system serving the university and downtown areas.
The area features extensive access to the North Carolina Botanical Garden, numerous town parks, and the Bolin Creek Trail system. Shopping and dining are concentrated in the historic Franklin Street district and nearby University Place.
The rental market is highly competitive due to the large student population and limited housing inventory. Vacancy rates remain low, and rent growth has been steady, driven by high demand for proximity to the university.
The economy is anchored by the University of North Carolina at Chapel Hill and the UNC Health system. The area benefits from its proximity to the Research Triangle Park, a major hub for technology and life sciences.
The area is served by a robust bus network and is well-connected to the regional highway system via I-40 and US-15/501. Commuter transit options are primarily focused on university and regional employment hubs.
Development is focused on increasing density near the university and transit corridors, with several mixed-use projects currently in the planning or construction phase.
Parcels are subject to Chapel Hill-Carrboro City Schools district taxes and municipal service districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Piedmont region.
Data retrieved from data.census.gov ZCTA 27514 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Frankie's of Raleigh4.414.6 mi
- Urban Air Trampoline and Adventure Park4.115.8 mi
- RushHour Karting4.515.7 mi
- Sky Zone Trampoline Park4.418.7 mi
- Phillips Farms of Cary4.414 mi
- Topgolf3.813.5 mi
- Durham Performing Arts Center4.88.3 mi
- Frankie's of Raleigh4.414.6 mi
- Durham Bulls Athletic Park4.88.1 mi
- Angus Barn4.616.7 mi
- Sarah P. Duke Gardens4.96.8 mi
- Museum of Life and Science4.79.2 mi
- AMC Southpoint 173.97.3 mi
- The Carolina Theatre4.78.3 mi
- Morehead Planetarium and Science Center4.54 mi
- Museum of Life and Science4.79.2 mi
- Duke University Chapel4.96.3 mi
- Morehead Planetarium and Science Center4.54 mi
- American Tobacco Campus4.78.1 mi
- Nasher Museum of Art at Duke University4.66.9 mi
- Sarah P. Duke Gardens4.96.8 mi
- Eno River State Park4.87.5 mi
- North Carolina Botanical Garden4.75 mi
- Occoneechee Mountain State Natural Area4.77.2 mi
- C. M. Herndon Park4.69.1 mi
- Crosswinds Boating Center4.516 mi
- Rollingview Marina Inc4.319 mi
- Hillandale Golf Course4.37.2 mi
- Golf Galaxy4.312.4 mi
- Finley Golf Club4.15.4 mi
- Chapel Hill Country Club4.74.1 mi
- Governors Club4.88.7 mi
- The Streets at Southpoint4.57.6 mi
- Harris Teeter4.47.4 mi
- Publix Super Market at the Marketplace at Ellis Crossing4.411.1 mi
- T.J. Maxx4.23.9 mi
- Boxyard RTP4.611.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and cultural hub.
Historic commercial district with local shops and restaurants.
Extensive gardens and nature trails.
Popular paved trail for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.