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Chatham County, NC

Williams

RANK #982 / 996 NAT  ·  #50 / 51 NC  ·  POP 76,754

1YR FORECAST: -0.6%

5YR OUTLOOK: +2%

#14 Most Overvalued
Our model projects Chatham County's housing market at -0.6% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Chatham County Schools Education
    1,000+
  2. 2
    County of Chatham Government
    500+
  3. 3
    Mountaire Farms of NC Inc. Agriculture
    250+
  4. 4
    Carolina Meadows Inc. Healthcare
  5. 5
    Galloway Ridge Inc. Healthcare
  6. 6
    Wal-Mart Associates Inc. Retail
    100+
  7. 7
    Chatham Hospital Inc. Healthcare
  8. 8
    Lowe's Home Centers Inc. Retail
  9. 9
    Flakeboard America Limited Manufacturing
  10. 10
    Piedmont Health Services Inc. Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
46.5%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.8
per 100K · nat avg 6.3
Firearm Fatalities
12.6
per 100K · nat avg 14.8
Injury Deaths
91.8
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

The data is not encouraging — Chatham County scores just 0/100 on the Boom Town Index, ranking #982 of 996 counties. Job growth at +6.9% and median household income of $84,222 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Chatham County affordable?

Chatham County leans toward the expensive side. A median home value of $373,300 against an income-to-home-value ratio of 0.23 means housing eats a bigger share of local earnings than the national norm. Renters face $995/month on average.

Is Chatham County growing or shrinking?

Chatham County is growing on multiple fronts. Population is up +2.2% year-over-year while employers added jobs at a +6.9% clip. Home values shifted +0.3% in the past year.

Are people moving to Chatham County?

There's a moderate stream of newcomers. About 4.66% of residents moved from another state, which is above average and suggests Chatham County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Buncombe County, NC 0 Haywood County, NC 5 Durham County, NC 5 Wake County, NC 5 Pender County, NC 6 Mecklenburg County, NC 8 Northeastern Connecticut Planning Region, CT 0 Northwest Hills Planning Region, CT 0