How much is a home worth in ZIP code 27516?

The typical home in 27516 is worth $608,272, based on the Zillow Home Value Index.

Are home values rising in 27516?

Home values in 27516 are down 1.8% over the past year, and up 6.6% a year over five years.

What is the typical rent in 27516?

A typical home in 27516 rents for about $2,202 a month, a gross rental yield of 4.3%.

What is the property tax rate in 27516?

The effective property tax rate in 27516 is 0.9% — roughly $5,446 a year on a typical home.

ZIP code 27516 has a population of 47,358 and a median household income of $106,353.

HousingHandbookReference data

…

U.S. ZIP Code · NC27516

Orange County · Durham-Chapel Hill, NC

Typical home value

$608,272^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.8%
5-year / yr: +6.6%
10-year / yr: +5.9%

Relative price

vs U.S.: +114.1%
vs metro: +45.5%
vs state: +113.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 27516 is worth $608,272 — 45.5% above the Durham-Chapel Hill, NC median. Over the past year, values have fallen 1.8%. Homes here rent for a typical $2,202 a month — a 4.3% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,202^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $5,446^[3]

#Climate risk

FEMA National Risk Index ratings for Orange County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 47,358^[3]
Median household income: $106,353^[3]

#Migration

Household moves in and out of Orange County over a year, from IRS tax-return data.

Net migration: -866^[5]
Moved in: 5,811
Moved out: 6,677

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 14
Elementary: 6
Middle: 4
High: 3

Chapel Hill High
High · Grades 9–12 · Chapel Hill-Carrboro City Schools
1,638 students
Smith Middle
Middle · Grades 6–8 · Chapel Hill-Carrboro City Schools
749 students
Margaret B. Pollard Middle
Middle · Grades 6–8 · Chatham County Schools
742 students
McDougle Middle
Middle · Grades 6–8 · Chapel Hill-Carrboro City Schools
705 students
Culbreth Middle
Middle · Grades 6–8 · Chapel Hill-Carrboro City Schools
664 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$26,426

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,076

Loan principal$486,618

Down payment$121,654

Total interest paid$620,654

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.83

Monthly cost to own$4,039

Monthly rent$2,202

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 68th percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 27516?: The typical home in 27516 is worth $608,272, based on the Zillow Home Value Index.
Are home values rising in 27516?: Home values in 27516 are down 1.8% over the past year, and up 6.6% a year over five years.
What is the typical rent in 27516?: A typical home in 27516 rents for about $2,202 a month, a gross rental yield of 4.3%.
What is the property tax rate in 27516?: The effective property tax rate in 27516 is 0.9% — roughly $5,446 a year on a typical home.
Who lives in 27516?: ZIP code 27516 has a population of 47,358 and a median household income of $106,353.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

27514 vs 27516 →
Chapel Hill, NC
Typical home
$646,540
Gross yield
3.1%
27312 vs 27516 →
Pittsboro, NC
Typical home
$562,182
Gross yield
3.7%
27517
Chapel Hill, NC
Typical home
$677,691
Gross yield
3.0%
27562
Apex, NC
Typical home
$687,752
Gross yield
4.0%
27343
NC
Typical home
$506,580
Gross yield
—
27503
Durham, NC
Typical home
$492,460
Gross yield
—

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Pit ZIP 27516 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC27516

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