Located in the state of North Carolina, Chapel Hill is a medium-sized city with a population of 59,005 residents. The majority of Chapel Hill residents report their race to be White; this is followed by Asian and Black. With an average age of 26 years old, Chapel Hill could be a great place to live for young adults as this age is well below the national average. If you are looking for a family friendly city, Chapel Hill might be a good fit as 81% of the population over 15 years old are married, and 56% have kids who are 18 years old or younger.
Living in Chapel Hill can be a good experience for anyone relocating to the area. Having said that, in the state of North Carolina, there are many amazing places to live, so choose wisely! The best areas in Chapel Hill and in surrounding cities are easier to find when you are able to make informed decisions. Using data from weather, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the North Carolina and national averages.
Using data and statistics Chapel Hill has received a livability score of 76 out of 100. This score is ranked in the 86th percentile when compared to all other cities. Clearly, Chapel Hill is doing something right, as this score ranks well above the average of most cities. Based on the grades for each individual category, Chapel Hill has received high marks for amenities (A+), crime (B+), weather (B-), education (A) and employment (B-). There are some categories that Chapel Hill does not rank well for, including: cost of living (F) and housing (F). It might be worth taking a closer look to figure out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Chapel Hill on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: Franklin Street, University of North Carolina, and Triangle Boat Tours.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 133 crimes per 100,000 residents, Chapel Hill has a violent crime rate that is far below the national average.
Chapel Hill real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Chapel Hill. The median home price for Chapel Hill homes is $390,300, which is 148.4% higher than the North Carolina average. If we take a closer look at the affordability of homes in Chapel Hill, we’ll see that the home price to income ratio is 6, which is 81.8% higher than the North Carolina average. Year over year appreciation rates for homes in the Chapel Hill area were 4.3% and the 5 year appreciation rates came in at 3.5%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.