Why Live in Downtown Chapel Hill
Downtown Chapel Hill is a vibrant neighborhood with a mix of condos and sororities, primarily catering to students and younger families. Housing options include units in the Greenbridge condo complex and the mixed-use space at 140 West Franklin Street. Despite limited housing downtown, ongoing development aims to meet the high demand for affordable living spaces. The area is known for its high property taxes compared to neighboring counties. While designated parks are scarce, the university campus offers ample green spaces, including the historic Old Well and Battle Park's 93 acres of forested land. The North Carolina Botanical Garden, a few miles away, provides additional outdoor activities and sculptures. Franklin Street is the hub for dining and nightlife, featuring local favorites like Top of the Hill brewery, Brandwein’s Bagel, and the iconic bar He’s Not Here. Upscale dining options include Lantern, known for its Asian fusion cuisine. Events such as the Festifall Arts Market and Pride Promenade add to the neighborhood's cultural vibrancy. The area is well-connected, with Interstate 40 about 5 miles away and Raleigh-Durham International Airport 17 miles distant. Public transportation is available, with bus routes covering Chapel Hill and Carrboro. The UNC Medical Center is less than 2 miles from Franklin Street. Schools in the area are highly rated, with Carrboro Elementary, Smith Middle, and East Chapel Hill High School all earning top marks.
Frequently Asked Questions
Is Downtown Chapel Hill a good place to live?
Downtown Chapel Hill is a good place to live. Downtown Chapel Hill is considered fairly walkable and very bikeable with good transit options. Downtown Chapel Hill has 2 parks for recreational activities. It has a median age of 24. The average household income is $114,160 which is above the national average. College graduates make up 75.5% of residents. A majority of residents in Downtown Chapel Hill are renters, with 76.3% of residents renting and 23.7% of residents owning their home. A
local real estate agent serving Downtown Chapel Hill can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Chapel Hill neighborhood guide.
Is Downtown Chapel Hill, NC a safe neighborhood?
Downtown Chapel Hill, NC is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Downtown Chapel Hill?
The median home price in Downtown Chapel Hill is $374,900. If you put a 20% down payment of $75,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in Downtown Chapel Hill. The average household income in Downtown Chapel Hill is $114K.
What are the best public schools in Downtown Chapel Hill?
The best public schools that serve Downtown Chapel Hill are:
What are the best private schools in Downtown Chapel Hill?
The best private schools that serve Downtown Chapel Hill are:
What are the most popular zip codes in Downtown Chapel Hill, Chapel Hill, NC?
What are the most popular neighborhoods near Downtown Chapel Hill, Chapel Hill, NC?
Home Trends in Downtown Chapel Hill, NC
On average, homes in Downtown Chapel Hill, Chapel Hill sell after 88 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Chapel Hill, Chapel Hill over the last 12 months is $362,400.
Median Sale Price
$362,400
Median Single Family Sale Price
$362,400
Average Price Per Sq Ft
$204
Number of Homes for Sale
0
Last 12 months Home Sales
6
Median List Price
$374,900
Median Change From 1st List Price
3%