Chapel Hill, TN housing market
The typical Chapel Hill home is worth about $388,000, about the same as a year ago, 16% above the Tennessee typical home. Homes typically sell in 85 days, below asking.
Home values, sales, trends and how Chapel Hill compares with the towns next door — updated as new data is published.
Chapel Hill at a glance
A balanced market
About 4.5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Chapel Hill | Tennessee |
|---|---|---|
| 2017 | $170,000 | $174,000 |
| 2018 | $197,000 | $187,000 |
| 2019 | $218,000 | $198,000 |
| 2020 | $240,000 | $215,000 |
| 2021 | $269,000 | $238,000 |
| 2022 | $336,000 | $287,000 |
| 2023 | $363,000 | $313,000 |
| 2024 | $369,000 | $326,000 |
| 2025 | $386,000 | $334,000 |
| 2026 | $391,000 | $333,000 |
| August 2026 | $388,000 | $334,000 |
No new homes permitted in 2020
No permits for new homes were issued in Chapel Hill in 2020. The last year with any was 2018 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Chapel Hill gained 272 residents while 10 new homes were permitted: about 27 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Tennessee: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 2 | 2 | 0 | $200,000 |
| 2017 | 1 | 1 | 0 | $100,000 |
| 2016 | 1 | 1 | 0 | $100,000 |
| 2015 | 1 | 1 | 0 | $100,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $100,000 |
| 2012 | 2 | 2 | 0 | $150,000 |
| 2011 | 1 | 1 | 0 | $100,000 |
| 2010 | 1 | 1 | 0 | $50,000 |
| 2009 | 5 | 5 | 0 | $400,000 |
| 2008 | 3 | 3 | 0 | $246,000 |
| 2007 | 16 | 16 | 0 | $1.7 million |
| 2006 | 21 | 21 | 0 | $1.9 million |
| 2005 | 22 | 22 | 0 | $1.8 million |
| 2004 | 23 | 23 | 0 | $1.4 million |
| 2003 | 19 | 19 | 0 | $1.3 million |
| 2002 | 8 | 8 | 0 | $434,000 |
Chapel Hill's permit office didn't report to the Census in 2020, so the 2020 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
5.1 years of income
The typical Chapel Hill home costs about 5.1 years of the town's median household income, more than across Tennessee (4.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,400
HUD's Fair Market Rent for a two-bedroom in Chapel Hill is $1,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Chapel Hill pay a median of $1,097, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $1,070 · 4 bedrooms $1,920
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37034; Bedford County, TN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Chapel Hill
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.