Chapel Hill - Carrboro - Hillsborough

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Housing Data

In Orange County, the average cost to purchase a new home (including single family, condominium, and townhome units) in 2006 was $381,426, while the median cost of a new home in 2006 was $287,500.

In Orange County, the average resale price of a home in 2006 was $294,784, while the median resale price of a home in 2006 was $240,000.

In 2006 the fair market rent in Orange County for a one-bedroom apartment was $673 a month. The fair market rent for a two-bedroom apartment was $755 a month and for a three-bedroom apartment it was $987 a month.

In Orange County, a person earning minimum-wage would have to work 123 hours per week to afford to rent a two-bedroom apartment at fair market value.

In Chapel Hill, the average cost of living is 106.6 percent, compared to a 100 percent national average.

To find more information you can visit the Orange County Economic Development Commission at www.co.orange.nc.us/ecodev.

© 2007 Workforce Housing.

Chapel Hill-Carrboro Chamber of Commerce Foundation for a Sustainable Community