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Facts You Must Know about Real Estate in Chapel Hill NC

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John smith

So, you are planning to settle down in Chapel Hill NC. You want to make it your next home. You are looking for all the required information about the locality, crime, commute, and educational institutions to take the right decision. In this article, we will try to cover all the aspects. However, you should always a reliable and experienced real estate company to help you to find a suitable property as well as to gather all the essential information about the locality and neighborhood.

An experienced company can offer a comprehensive overview of the market trends demographics, lifestyle data, schools, and healthcare facilities. Also, they can help you to choose the best property depending on your budget and personal preferences. You will find open houses, auction, and homes- in the pre-foreclosure.

Another benefit of hiring an experienced real estate agent is that they will update all the market trends. They will also display information on short sales, foreclosures, and REO properties with graphs to help you to understand the market condition well.

What Is the Expected Price?

The median home listing price is around $530, 000 in Chapel Hills. There is only less than one percent change in the last month. The home resale inventory in Chapel Hill is 348 and that has witnessed no increase in number in the last month. Per square foot price for median listing is $178 now it was $178 in the last month as well. No change in the price this month. The distressed properties including short sales and forecloses have remained the same in February.

Real Estate Market Trends

The market trends of real estate will help you to understand the key price indicators. The trends show six percent drop in median sales over the years and six percent rise in the median rent per month. In the current condition, you will find 5557 homes for sales and 44 of them are listed in the last week. In addition, there are 164 rentals.

Neighborhoods in Chapel Hills

There are twenty-three neighborhoods. The most expensive among them is Meadowmont. The median listing price in this neighborhood is $936.9K. The most affordable neighborhood is Finely Forest. The median listing price in Finley Forest is $171K. If you are interested in the neighborhood, you can research separately to know more about the crime, education, and other things.

Crime Rate

1,363 crimes are annually reported Chapel Hill. There are different types of crimes including violent crime, property crime, theft, assault, and rape. The violent crime rate in Chapel Hill is sixty-four percent lower than North California. It is overall twenty-one percent lower in overall crimes.

Schools

There are forty-four schools including nineteen elementary schools, ten middle schools, ten high schools, and five private schools.

Demographics

Chapel Hill has a population of 59,005 and forty percent of them are married. Eight percent people speak English and five percent people speak Spanish. The median age is twenty-six and thirty-six percent residents were born in North Carolina.

Commuting Ways

Most people in Chapel Hill commute by car. This area is heavily car dependent. Transit is also available. You will only find a few public transportations options. For more click here:- Chapel Hill Homes for Sale and Chapel Hill Real Estate

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