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Chatham County, NC

RANK #808 / 996  ·  POP 76,754  ·  NC

PROJECTED GROWTH: -0.6%

Chatham County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Chatham County?

Chatham County, North Carolina, is often recognized for Jordan Lake, a sprawling 14,000-acre reservoir popular for recreation, situated on its eastern side. The county, centrally located in North Carolina's Piedmont region, is about 20-30 minutes from Raleigh, Durham, Cary, and Chapel Hill, offering access to urban amenities while maintaining a rural feel. Commute options include major highways like US 64, US 421, and US 15-501, with public transportation provided by Chatham Transit Network and Chapel Hill Transit. The area features extensive woodlands and river systems like the Haw and Deep Rivers, providing opportunities for hiking, kayaking, and other outdoor activities.

Life in Chatham County blends rural charm with modern opportunities, attracting families, retirees, and remote workers. The public school system is highly rated, with Chatham County Schools serving over 9,000 students. The economy is experiencing growth, driven by residential and commercial development, infrastructure projects, and manufacturing. Major investments are flowing into various sectors, creating new job opportunities and fostering a business-friendly environment.

[02] Market Snapshot

Housing Ratio
12.9x

Overvalued relative to economy

GDP Growth
+1.3%

Well below national median

Home Prices
+0.3%

Well below national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 12.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Chatham County U.S. National

The Numbers

DEMOGRAPHICS
Population
76,754
+2.24% YoY
Median Household Income
$84,222
Median Home Value
$373,300
+0.35% 12mo
Median Rent
$995
Average Annual Pay
$51,876
+4.1% YoY
Employment
18,540
+6.9% YoY
Income-to-Home-Value
0.2256
Near national average
Migration Inflow
4.66%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$688,685
Days on Market
91
Slower market
Months of Supply
4.7
Balanced market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
9.5%
Listings w/ Price Drops
20.1%
Building Permits (2024)
465
Single-Family Permits
465

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$14,141M
TOTAL
PROJECT AMOUNT STATUS
John Palmour Manufacturing Center for Silicon Carbide
Wolfspeed
$5,000M Under Construction
Chatham Park (Master-Planned Community)
Preston Development Company
$5,000M Under Construction
VinFast Electric Vehicle Manufacturing Plant
VinFast
$4,000M Under Construction
Chatham County Public Facilities Upgrades (HVAC & Roofs)
Chatham County
$91M Planned
Solar Farm Portfolio (Multiple Projects)
Various (e.g., Cypress Creek Renewables, Strata Solar, Siler City Solar 2, LLC)
$50M Operating/Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.3% 21 percentile
Population Growth +2.2% 91 percentile
Income Growth +9.7% 76 percentile
Vacancy Rate 0.9% 62 percentile
Home Price Change +0.3% 35 percentile
Rent Growth -0.1% 10 percentile
Price/Rent 16x 27 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Chatham County, NC a good place to move to?

Chatham County has a Boom Town Index score of 19/100, ranking #808 among 996 U.S. counties. With job growth at +6.9% and a median household income of $84,222, it faces some economic headwinds compared to faster-growing counties.

Is Chatham County affordable?

The median home value in Chatham County is $373,300 with median rent at $995/month. The income-to-home-value ratio is 0.2256, which is less affordable than the national average.

Is Chatham County growing or shrinking?

Population growth: +2.2% year-over-year. Job growth: +6.9%. Home values changed +0.3% in the past 12 months.

Are people moving to Chatham County?

Yes — 4.66% of Chatham County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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