27516 — Chapel Hill, NC Home Values
Typical home value $615,493 as of June 2026 · 3rd of 32 in Durham-Chapel Hill, NC
Blue: typical home value (Zillow ZHVI) in ZIP code 27516, June 2021 to June 2026. This page shows observed data only; no forecast.
How 27516 compares in the Durham-Chapel Hill, NC area
ZIP code 27516 (Chapel Hill, NC) has a typical home value of $615,493 as of June 2026, ranking 3rd of 32 ZIP codes tracked in the Durham-Chapel Hill, NC area, more expensive than about 94% of ZIP codes in the metro. Prices here have moved -1.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +32.0%, from $466,367 in June 2021 to $615,493 in June 2026. Against observed rent, the typical home here sells for 22.6× the annual rent ($2,272/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Durham-Chapel Hill, NC forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Durham.
Population and demographics
ZIP code 27516 has a population of 46,372, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 71% White, 8.7% Black or African American, 8.4% Asian, 6.9% Hispanic or Latino, 4.3% two or more races, 0.5% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| McDougle Middle | 900 Old Fayetteville Rd, Chapel Hill, NC | 3.5 mi |
| McDougle Elementary | 890 Old Fayetteville Rd, Chapel Hill, NC | 3.5 mi |
| Carrboro High | 201 Rock Haven Rd, Carrboro, NC | 4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 27516?
$615,493 as of June 2026, the latest month Zillow has published observed data for.
Is 27516 an expensive ZIP code in the Durham-Chapel Hill, NC area?
27516 ranks 3rd of 32 ZIP codes in the Durham-Chapel Hill, NC area by typical home value, more expensive than about 94% of ZIP codes in the metro.
How much have home values in 27516 changed over the past year?
-1.9% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 27516?
The typical home price is 22.6× the observed annual rent in this ZIP code ($2,272/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 27516?
46,372, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 27516?
McDougle Middle (3.5 mi), McDougle Elementary (3.5 mi), Carrboro High (4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 27516?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Durham-Chapel Hill, NC forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.