ZIP 27514
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12-month history
Last updated: October 17, 2026
What the numbers show
March. Asking rents in ZIP 27514 usually run 0.6% below trend in March and 0.8% above it in June, about $22 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 27514 is 2.2% below its high of $1,640 in October 2025, at $1,604 as of September 2026.
Rent in ZIP 27514 changed -1.5% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
Rent in ZIP 27514 is 35.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 3 of the last 12 months.
30% of the median household income ($92,875) is $2,322 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,910); a 3-bedroom is $2,360.
From Zillow's monthly rent index (ZORI) for ZIP 27514. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27514 in Chapel Hill, NC has changed in 5 years
Five years ago, renters in ZIP 27514 in Chapel Hill, NC paid around $1,249 a month. That figure now sits near $1,604, up 28.4% 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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Tips for renters in ZIP 27514
Last updated: October 17, 2026
ZIP code 27514 covers Chapel Hill, NC. The median rent here is $1,604/mo as of October 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 decreased 1.5% over the past year.
Frequently asked questions
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How does ZIP 27514 compare to other ZIPs in North Carolina?
How does ZIP 27514 compare to the rest of Chapel Hill?
At $1,604/mo, rent takes ~21% of ZIP 27514's median household income ($92,875/yr). The standard benchmark is 30%.
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