Rent to own Homes in Chapel Hill, NC
Scenic wonder: Visit the North Carolina Botanical Gardens where you'll stroll through indigenous plant life and sculptures. Behind the gardens, stretch your legs even further and walk the Piedmont Nature Trails for a pleasant view of the forest.
Chapel Hill, NC is a great place for affordable rent-to-own homes! With a median household income of over $75,249 and a median rent of $1,221, the Chapel Hill, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Chapel Hill, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Chapel Hill, NC Property Resources
Rent to own Homes in Cities Near Chapel Hill, NC
- Apex
- Bahama
- Briar Chapel
- Butner
- Carolina Meadows
- Carrboro
- Cary
- Cedar Grove
- Chapel Hill
- Creedmoor
- Durham
- Efland
- Fearrington Village
- Gorman
- Governors Club
- Governors Village
- Hillsborough
- Holly Springs
- Hurdle Mills
- Mebane
- Morrisville
- New Hill
- Pittsboro
- Prospect Hill
- Raleigh
- Rougemont
- Roxboro
- Stem
- Timberlake
- Wake Forest
Neighborhoods in Chapel Hill, NC
University of North Carolina at Chapel Hill rent to own homesPopular Zip Codes in Chapel Hill, NC
27515 rent to own homes 27599 rent to own homes 27514 rent to own homesBuying a Home in Chapel Hill, NC
Chapel Hill, NC is seeing rapid growth and Chapel Hill, NC's' housing market remains not optimal with an average home price that is 100% above the 2024 national average. Chapel Hill, NC is part of Orange county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Orange is 1.09% which is above the national average, which is 0.99%.
Median Home Price in Chapel Hill, NC
Median Rent in Chapel Hill, NC
14 Reasons to live in Chapel Hill, NC
Enthralling Cafes: Cafe Driade is nestled amongst trees at the end of a dirt path, and it's the perfect place to unwind. Not only do they use locally roasted coffee from Carrboro Coffee Roasters, they also have a unique and outstanding wine list and often host musicians and artists.
Curb your ravenous hunger: The town boasts top-notch cuisine. The Lantern, an Asian fusion spot that sources their fare from local farms, is an area favorite. Merritt's Store and Grill offers tasty food at affordable prices. The locals rave about their homemade pimento cheese spread. Make sure to grab a glass bottle full of Cheerwine and feel the nostalgia the surroundings beg for.
Catch a burgeoning live act: In a city that began the careers of Ben Folds and Archers of Loaf, you'd expect some talent, and it certainly abounds. Up-and-coming bands can be seen playing at Local 506 as well as the intimate underground bar, The Cave.
Solace in the solar system: Glimpse the cosmos and wander the grounds where original astronauts trained for their space travel at Morehead Planetarium and Science Center. Various rotating exhibits and the pleasure of seeing a starlit sky at night make the center a year-round favorite. Those that want to get some practical use out of their day at the museum can sign up for stargazing sessions that take place at Jordan Lake.
Cult films reign supreme: Settle into a vintage theater seat and wax nostalgic while tending to your popcorn and beer at the Varsity Theatre. This space, as well as its sister site, the Chelsea Theater, takes pride in showcasing a vast array of films, old and new, in a quaint retro setting.
Get rugged: Just across town there are local hiking trails full of terrain to meet your desires. Duke Forest provides paved trails as well as those that get you off-grid and scaling rocks, tree roots and small streams. Jordan Lake Educational State Forest offers visitors a chance at a peaceful hike through nature with talking tree exhibits strewn about the path to enrich minds as they take in the sights and sounds of a living, breathing forest.
Culinary genius: Sign up at CLASS, a cooking adventure sponsored by Southern Season restaurant, where you'll watch local chefs prepare their famous dishes, sample them along with wine pairings and walk away with the recipes.
Stock up on wine: A night out on the open-air patio at Tru Deli and Wine is something to savor. Their extensive wine selection covers all of the basics and complements it with food and a fresh scene. Homebodies can rejoice as well. Chapel Hill Wine Company has a stellar collection of wine to grab and go. The service is impeccable and the guest always leaves with exactly what they crave.
Affordable housing: Affordable rent to own homes can be found near Chapel Hill and Andrews Store Road, where the median house value is $243,517. Another area that boasts affordable housing options surrounds Orange Grove Road off of Dodson's Crossroads, where the median price is $250,943.
Soaring appreciation rates: Homes in Chapel Hill see a steady increase in appreciation from year to year. The best neighborhoods to find these properties are Morehead and Governor Drive with an annual increase of 5.49%. You can also look for rent to own options near Route 54 and Hatch Road, which has seen a 4.50% annual increase.
High values: For rent to own houses that carry extreme value, look for properties between East Franklin Street and South Road where home values average $1,002,000. Another option would be the Tenney Circle community with median values of $492,843.
Easy Access: While the town surrounds major freeway systems, the neighborhoods that allow for the best access are those close to Raleigh Road and Fordham Boulevard and the Briarcliff area.
Numerous vacancies: Those looking for rental options will find plenty to choose from. Neighborhoods like Town Center have vacancy rates of 11.6% and will put you close to area attractions like Ackland Art Museum.