Chapel Hill, North Carolina is a part of the Chapel Hill Submarket submarket area, and contains 5 zip codes: 27599, 27514, 27515, 27516, and 27517.
The 2019 average effective rent for Class A, B, and C apartments in the Chapel Hill, NC submarket area was $1,233, which is 24.92% higher than 2014 average rent. This represents a compounded annual growth rate of 4.55%. 2019 vacancy in Chapel Hill, NC was 3.70%.
The total population of the city of Chapel Hill, NC has grown 6.56% since 2010. As of 2018, the population was 60,988. The median household income of the Chapel Hill was $68,640, which is 13.84% higher than the national average.