Chatham County, North Carolina Housing Market Prices
Chatham County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the North Carolina median$194,860
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Median rent 4% below the North Carolina median More expensive than 83% of counties in North Carolina$1,179
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chatham County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,860 | $278,288 | $248,835 |
| Price Trend (Annual %) | 7.2% | 9.3% | 7.5% |
| Median Gross Rent | $1,179 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chatham County is about 30% lower than in North Carolina. Rent is about 4% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chatham County, up about 7.2% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Chatham County rose about 44.2% between 2015 and 2024, from $818 to $1,179. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Chatham County.
Buying the median-priced home in Chatham County costs roughly 13.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chatham County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Chatham County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,860 | $278,288 | $248,835 |
| Median Household Income | $93,685 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chatham County fell about 18.1%, while median household income rose about 56.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chatham County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.0% | 58.3% | 58.5% |
| Rental Rate | 17.9% | 29.2% | 31.2% |
| Vacancy Rate | 8.1% | 12.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Chatham County has a homeownership rate of 74.0%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 8.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Chatham County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2000 | 1989 | 1978 |
| Median Number of Rooms | 6.3 | 5.6 | 5.5 |
The typical housing unit in Chatham County was built around 2000. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
Chatham County, NC Housing Compared With Nearby Counties
Chatham County, NC is the 5th largest of the 6 counties compared here, 80,150 residents against a local median of 149,658. Chatham County, NC's median home price, at $194,860, runs 28% below the $271,999 typical of the counties around it.
Homeownership tells the same story from another angle: 80.6% against a local median of 65.0%, 24% above it. The one measure here that carries a verdict is homeownership, and at 24% above the local median it puts Chatham County, NC at the better end of the local range. The counties themselves spread $73,882 on median home price, so Chatham County, NC sits at one end of an already wide local range rather than apart from it. Chatham County, NC has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chatham County, NC | 80,150 | $194,860 #6/6 | $1,179 #4/6 | 80.6% #1/6 |
| Lee County, NC | 65,807 | $312,150 | $1,017 | 67.3% |
| Alamance County, NC | 176,834 | $238,268 | $1,064 | 65.0% |
| Orange County, NC | 149,658 | $271,999 | $1,495 | 63.8% |
| Moore County, NC | 104,876 | $265,450 | $1,254 | 76.4% |
| Durham County, NC | 331,707 | $290,354 | $1,507 | 55.5% |
Frequently Asked Questions
Common questions about the housing market in Chatham County, North Carolina.
What is the median home price in Chatham County, North Carolina?
The median home price in Chatham County, North Carolina is $194,860, lower than the North Carolina average of $278,288.
What is the average home price in Chatham County, North Carolina?
The typical home price in Chatham County, North Carolina, reported as the median sale price, is $194,860. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chatham County, North Carolina?
The median gross rent in Chatham County, North Carolina is $1,179 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Chatham County in 2020?
In 2020, the median gross rent in Chatham County, North Carolina was $872 per month.
What is the price-to-rent ratio in Chatham County, North Carolina?
The price-to-rent ratio in Chatham County, North Carolina is about 13.8, meaning it would take roughly 13.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chatham County.
Are home prices or rent rising faster in Chatham County, North Carolina?
Both home prices and rent are rising in Chatham County, up about 7.2% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chatham County, North Carolina?
74.0% of households in Chatham County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Chatham County, North Carolina?
The housing vacancy rate in Chatham County, North Carolina is 8.1%, lower than the North Carolina average of 12.5%.
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