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ZIP Code · NC

ZIP 27514

Pop. 32,951·Orange County·122nd most expensive ZIP in North Carolina
Median rent (all units)
$1,647/mo
Year-over-Year
+5.6%
Month-over-Month
-1.7%
vs US Median
-$318
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 27514 · $1,647
More affordable than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,680
2 BR
$1,910
3 BR
$2,360
4 BR+
$2,770
Research median
$1,910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,764/yr
At $1,647/mo median
Location
StateNC
CountyOrange County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.6% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 27514 (Chapel Hill, NC) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 79.5% of residents hold a bachelor's degree or higher.

Population
32,951
Median income
$92,875
Median age
23.9
Renters
51.4%
Age distribution
12.4%
50%
16.2%
13%
Under 1812.4%
18–3450%
35–5416.2%
55–648.3%
65+13%
Gender
46.3%
53.7%
Male46.3%
Female53.7%
Race & ethnicity
64%
14.4%
White64%
Black10.8%
Hispanic8%
Asian14.4%
Other2.8%
Education (25+)
79.5%
No HS diploma2.1%
HS diploma6.7%
Some college11.7%
Bachelor's+79.5%
Housing tenure
48.6%
51.4%
Owner48.6%
Renter51.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27514 in Chapel Hill, NC has changed in 5 years

Rent
$1,241 → $1,647
up 32.7%
Income
$85,804 → $92,875
up 8.2%
Population
33,255 → 32,951
down 0.9%
Renter share
49.7% → 51.4%
+1.7 pts
Bachelor's+
79.9% → 79.5%
-0.4 pts
Median age
23.2 → 23.9
+0.7 yrs

Five years ago, renters in ZIP 27514 in Chapel Hill, NC paid around $1,241 a month. That figure now sits near $1,647, up 32.7% from the 2021 baseline. Census figures show median household income at $92,875 today, compared with $85,804 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 49.7% to 51.4%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 27514

Last updated: July 20, 2026

ZIP code 27514 covers Chapel Hill, NC. The median rent here is $1,647/mo as of July 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,910/mo.

At 21% of local median household income ($92,875/yr), ZIP 27514 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27514?

As of July 20, 2026, the median monthly rent in ZIP 27514 (Chapel Hill, NC) is $1,647. This is based on aggregated data from public sources and community submissions.

How does ZIP 27514 rent compare to the US average?

ZIP 27514's median rent of $1,647/mo is $318 (16%) below the US national median of $1,965/mo.

How does ZIP 27514 compare to other ZIPs in North Carolina?

ZIP 27514 falls in the middle range for North Carolina, ranking #122 out of 227 ZIPs at $1,647/mo.

How much income do you need to rent in ZIP 27514?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,647/mo in ZIP 27514. The local median household income is $92,875/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27514?

Rent in ZIP 27514 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27514 an affordable place to rent?

ZIP 27514 is considered very affordable for renters. At $1,647/mo, rent takes approximately 21% of the local median household income ($92,875/yr). The standard benchmark is 30%. ZIP 27514 falls comfortably within that range.

What percentage of ZIP 27514 residents rent vs. own?

According to Census data, approximately 51.4% of ZIP 27514 households are renters, while 48.6% are owner-occupied. With a majority renter population, ZIP 27514 has a strong rental market.

How does ZIP 27514 compare to the rest of Chapel Hill?

ZIP 27514 is more affordable than Chapel Hill overall. At $1,647/mo, it's $116 below the Chapel Hill citywide median of $1,763/mo.

When was rent data for ZIP 27514 last updated?

Rent data for ZIP 27514 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,647/mo, rent takes ~21% of ZIP 27514's median household income ($92,875/yr). The standard benchmark is 30%.

ZIP 27514 21%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27514 (Chapel Hill, NC)

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