There are many reasons Chapel Hill NC real estate is in high demand, but this article will define the top 3. Which of these is most important to you?
#1 Renowned Public Schools
The biggest draw for people moving to Chapel Hill is the renowned public Chapel Hill/Carrboro school system, which is excellent. There are three public high schools: East Chapel Hill, Chapel Hill High, and Carrboro High. These schools and the lower level schools are all known for rigorous coursework, exceptional teachers, strong athletic and language immersion programs, and high graduation rates.
#2 Excellent Retirement Communities
A second draw to Chapel Hill is its variety of retirement communities, such as Carol Woods, Carolina Meadows and Galloway Ridge. The temperate weather, access to cultural events, and small town feel make Chapel Hill especially attractive to retirees. There is a very active Chapel Hill Newcomers Club and many resources available to help folks make the transition to living in this “Southern Part of Heaven”. Chapel Hill NC real estate would not be so popular with the 55 and over population without the presence of these communities.
Chapel Hill NC Real Estate and Higher Education
#3 University of North Carolina
With the University of North Carolina at its core, a third draw to moving to Chapel Hill is that once a Tarheel, apparently you are always a Tarheel! Many graduates move back to Chapel Hill after exploring other areas, as they know what a great lifestyle this charming town offers. UNC and UNC Hospital are major employers which attract professionals from all around the world, providing Chapel Hill with a diverse and interesting population.
Chapel Hill is the smallest of the Triangle cities with approximately 57,500 residents, and has managed to avoid the type of sprawl often found on the outskirts of a city center. There are sign ordinances and landscaping requirements that have kept the commercial areas very attractive, if not always readily apparent. There is a very active Chamber of Commerce, and several fine dining options such as The Fearrington House, The Lantern, and Il Palio.
So if you are looking for warmer weather in a college town with a diverse community that comes from all over the world, Chapel Hill may be the perfect home for you. Choosing this area to purchase your next home will help keep Chapel Hill NC real estate one of the most popular new home destinations. In 2016, the median home price was $465,000, with single family homes ranging in price from $61,000 to $1,661,000.