The story of this market
The typical home in ZIP 27516 sells for about $662,500, or $274 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 89 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,564 a month.
ZIP 27516 — Chapel Hill
The 27516 housing market remains a steady seller's market, driven by high demand from university-affiliated residents and limited inventory. While median days on market are elevated compared to national averages, the area maintains strong price support due to its desirable location and school quality.
This ZIP is well-suited for university-affiliated professionals, families seeking high-quality schools, and those desiring a mix of suburban living with access to natural amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 89 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 15.8% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27516, North Carolina
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Chapel Hill-Carrboro City Schools district, which is highly regarded for its academic performance and college-preparatory focus.
The area benefits from its proximity to the University of North Carolina at Chapel Hill and the broader Research Triangle Park, driving consistent demand for housing and professional services.
Property taxes in this ZIP are assessed by Orange and Chatham counties at an effective rate of approximately 0.8%, which is higher than the North Carolina state average.
Residents typically face a moderate commute to the University of North Carolina at Chapel Hill and nearby employment hubs in Durham and Research Triangle Park.
The area features extensive access to wooded trails, greenbelts, and proximity to local parks and shopping districts in Chapel Hill and Carrboro.
The rental market is characterized by a 29% renter share, with demand supported by the university population and proximity to major regional employers.
The economy is anchored by the University of North Carolina at Chapel Hill and the broader Research Triangle Park, which provides a strong base in education, healthcare, and technology.
Development activity is focused on residential expansion, including new construction projects like Jade Creek that cater to growing demand.
Parcels are subject to local school district taxes and county-level assessments for public services.
Data sourced from City-Data and local market reports.
- Frankie's of Raleigh4.418.9 mi
- Urban Air Trampoline and Adventure Park4.118.5 mi
- RushHour Karting4.518.4 mi
- Sky Zone Trampoline Park4.419.1 mi
- Phillips Farms of Cary4.415.9 mi
- Topgolf3.816.9 mi
- Durham Performing Arts Center4.813.8 mi
- Frankie's of Raleigh4.418.9 mi
- Durham Bulls Athletic Park4.813.6 mi
- Kenan Stadium4.64.8 mi
- Sarah P. Duke Gardens4.912.6 mi
- AMC Southpoint 173.910.5 mi
- Morehead Planetarium and Science Center4.54.6 mi
- Silverspot Cinema4.45.8 mi
- North Carolina Botanical Garden4.75.8 mi
- Museum of Life and Science4.715 mi
- Duke University Chapel4.912.1 mi
- Morehead Planetarium and Science Center4.54.6 mi
- American Tobacco Campus4.713.7 mi
- Nasher Museum of Art at Duke University4.612.6 mi
- Sarah P. Duke Gardens4.912.6 mi
- North Carolina Botanical Garden4.75.8 mi
- Occoneechee Mountain State Natural Area4.79.7 mi
- Eno River State Park4.812.6 mi
- C. M. Herndon Park4.611.4 mi
- Crosswinds Boating Center4.514.1 mi
- Finley Golf Club4.16.4 mi
- Chapel Hill Country Club4.76.9 mi
- Governors Club4.87.3 mi
- The Golf Club at Chapel Ridge4.110.9 mi
- Twin Lakes Golf Course4.15.9 mi
- The Streets at Southpoint4.510.7 mi
- T.J. Maxx4.29 mi
- Nordstrom Rack4.211.1 mi
- Nordstrom4.310.8 mi
- Sprouts Farmers Market4.310.9 mi
- Raleigh-Durham International Airport4.419.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large master-planned community featuring extensive trails and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.