Interested in purchasing investment houses in the 27516 zip code in Chapel Hill, NC?
The zip code 27516 is in both Orange and Chatham counties with a latitude of -79.151400000000 and longitude of 35.912480000000, is in the state of North Carolina. The average asking price of houses and condos is $401,638.00 and the average sale price was $371,854.00. this regions is classified as the Raleigh - Durham - Fayetteville metro area and consists of the following area codes: 919 and 984. The location in degrees is 35° 54' 44.928" N, 79° 9' 5.04" W. The county F.I.P.S. is 37135. This zip code contains two cities including Chapel Hill, NC (5.70%), and Carrboro, NC (3.05%) The total land area is 92.9 square miles and the water area is 0.9 square miles. The elevation in this area is 423 - 732 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 27516 is in county number 037 and is L. Sector 86, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 43,505 in 2019 and 36,139 in 2010. Of this, the break down in 2019 was 25,927 urban and 17,577 rural. This further breaks down to 21,252 males (48.9%) and 22,252 females (51.1%). The median age of residents is 36.5 years. The population of the greater Durham, NC area is 504,863. The population density (people per square mile) is 468. This zip code has a combined total of 17,252 houses and condos. There are 4,991 rented appartments. 31% of residents rent versus the 31% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $95,652 and the average salary is $82,561. The median household income of individuals is $59,929.00 and the average is $117,970.00. This zip code has a mean commute time to work of 23.9 minutes. The unemployment rate is 2.2%. Income earners by percent breakdown as 42.90% (Under $50,000), 28.00% ($50,000-$100,000), and 29.10% earn over $100,000. 14.4% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 95.1. The educational breakdown is 97.2% have a high school education or higher, 70.9% have a bachelor's degree or higher, and 42.5% have some kind of profesional degree.
This area has 13,477 households and the average size is 2.6 people. Individuals who are single and have never been married are 37.5%, 49.7% are now married, 1.2% are separated, 3.2% are widowed, and 8.3% are divorced. The average yearly contribution amount given by people to charity was $4,002 versus the state average of $4,687. The percent of residents who gave to charity was 42.4%.
The estimated median value of houses and condos is $405,256. The median monthly owner costs of mortgage holders was $2,111, where as the costs for those who don't have a mortgage are $639. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $4,369. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,493. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $4,746. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $3,697. Reported taxable interest for persons was $1,600, dividends $7,397, capital gains +$17,336, and itemized deductions $30,363. The average earned income tax credit is $1,898. The percent of individuals that use a tax preparer is 44.0%. The total average income taxes paid by individuals was $15,426. Businesses reported an average profit of $20,181.
Capp's Pizzeria
79 Falling Springs Drive, Suite 140, Chapel Hill, NC 27516
Crook's Corner
610 W Franklin St, Chapel Hill, NC 27516
Allen & Sons Pit BBQ
6203 Millhouse Rd, Chapel Hill, NC 27516
Crossroads Chapel Hill
211 Pittsboro St, Chapel Hill, NC 27516
Elaine's On Franklin
454 W Franklin St, Chapel Hill, NC 27516
Breadmen's
324 W Rosemary St, Chapel Hill, NC 27516
Pazzo Restaurant & Fine Dining
700 Market St, Chapel Hill, NC 27516
Mama Dip's Kitchen
408 W Rosemary St, Chapel Hill, NC 27516
Moon Asian Bistro
111 Knox Way, Chapel Hill, NC 27516
Vimala's Curryblossom Cafe
431 W Franklin St Ste 415, Chapel Hill, NC 27516
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