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Orange County, NC

Chapel Hill

RANK #896 / 996 NAT  ·  #43 / 51 NC  ·  POP 145,919

1YR FORECAST: -1.0%

5YR OUTLOOK: +12%

Our model projects Orange County's housing market at -1.0% over the next year, underperforming most U.S. counties.

[01] Why Orange County?

Orange County, North Carolina, is often recognized for Chapel Hill, home to the University of North Carolina, the oldest state-supported university in the United States. Located in the north-central Piedmont region, the county sits approximately 20 miles east of Raleigh-Durham International Airport, offering access to major cities via Interstates 40 and 85. The area blends a rural feel with cosmopolitan influences, featuring rolling hills and green countryside. Outdoor enthusiasts can explore numerous trails and greenways, including sections of the Mountains-to-Sea Trail along the Eno River, and enjoy parks like Eno River State Park and Occoneechee Mountain State Natural Area.

Life in Orange County offers a mix of small-town charm and access to larger metropolitan amenities. Public schools in Orange County are highly rated, and the county is served by two school districts: Orange County Schools and Chapel Hill-Carrboro City Schools. Commute options include local bus services within towns like Hillsborough, and connector routes to Chapel Hill and Durham. Recent economic developments include expansions by manufacturing and healthcare technology companies in towns like Mebane and Chapel Hill. The county also sees ongoing residential and commercial construction, including mixed-use developments and efforts to increase affordable housing options.

[02] Market Snapshot

Housing Ratio
5.6x

Above national median (4.7x)

GDP Growth
+2.1%

Below national median

Home Prices
-1.4%

Prices declining

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
19x

Above national median (13x)

Housing is fairly valued at 5.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Duke University and Duke Health Systems Healthcare
    25,000+
  2. 2
    University of North Carolina at Chapel Hill Education
    10,000+
  3. 3
    Orange County Schools Education
    1,000+
  4. 4
    Thermo Fisher Scientific Manufacturing
    250+
  5. 5
    Orange County Government Government

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

[04] Home Value Growth vs National

Orange County U.S. National

The Numbers

DEMOGRAPHICS
Population
145,919
-0.99% YoY
Median Household Income
$85,785
Median Home Value
$395,600
-1.44% 12mo
Median Rent
$1,316
Average Annual Pay
$79,229
+5.6% YoY
Employment
78,431
+0.8% YoY
Income-to-Home-Value
0.2168
Near national average
Migration Inflow
6.7%
of pop. from another state
Bachelor's Degree+
61.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$479,944
Days on Market
69
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
17.6%
Listings w/ Price Drops
18.9%
Building Permits (2024)
375
Single-Family Permits
325

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

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.1
per 100K · nat avg 6.3
Firearm Fatalities
8.2
per 100K · nat avg 14.8
Injury Deaths
57.6
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

$929M
TOTAL
PROJECT AMOUNT STATUS
Asteria – Disney Residential Community (Chatham Park region, impacting Orange County)
Preston Development Company
$500M Under Construction/Planned
Chapel Hill Residential Developments (Chapel Hill Crossing, Meridian Lakeview, South Creek)
Various
$200M Under Construction
County Long Range Facility Plan Projects (Emergency Services HQ, Justice System, Recreation Facility)
Orange County
$89M Planned
Community Solar Portfolio
Various
$50M Operating/Planned
I-40/NC Hwy. 86 Interchange Improvements & Highway Widening
N.C. Department of Transportation
$50M Under Construction
ABB, Inc. Manufacturing Facility Expansion
ABB, Inc.
$40M Operating

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

[07] Score Breakdown

GDP Growth +2.1% 37 percentile
Population Growth -1.0% 3 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 1.3% 33 percentile
Home Price Change -1.4% 18 percentile
Rent Growth +2.3% 38 percentile
Price/Rent 19x 10 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

The data is not encouraging — Orange County scores just 9/100 on the Boom Town Index, ranking #896 of 996 counties. Job growth at +0.8% and median household income of $85,785 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Orange County affordable?

Orange County leans toward the expensive side. A median home value of $395,600 against an income-to-home-value ratio of 0.22 means housing eats a bigger share of local earnings than the national norm. Renters face $1,316/month on average.

Is Orange County growing or shrinking?

Orange County is losing population (-1.0% YoY) while the job market is essentially flat (+0.8% employment change). Home values are -1.4% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Orange County?

In significant numbers — 6.7% of Orange County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Lincoln County, NC 10 Mecklenburg County, NC 8 New Hanover County, NC 8 Pender County, NC 6 Gaston County, NC 13 Haywood County, NC 5 Lynchburg city, VA 9 Walton County, FL 9