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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Chapel Hill, TN Housing Affordability Index

Chapel Hill, Tennessee has an MBR Housing Affordability Index score of 105.1 (Near National Average) as of October 30, 2026, ranking 336th most affordable of 380 scored Tennessee cities, compared with 103.7 statewide and 97.4 nationally. On a median-priced $311,100 home with 20% down, the Tennessee average 30-year fixed rate of 7.18% means a monthly principal and interest payment of about $1,687, or 27% of the city’s $75,441 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Chapel Hill is updated every night from live Tennessee mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Chapel Hill MBR-HAI 105.1 Near National Average
Rank in Tennessee 336 of 380 1 = most affordable
Tennessee 103.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.18% Tennessee lenders
Median home value $311,100 U.S. Census Bureau

Chapel Hill is 1.4 points above the Tennessee score. Scores as of October 30, 2026. See the Tennessee index

View Chapel Hill Mortgage Rates

What It Takes to Buy in Chapel Hill

$1,687/mo
Principal & Interest
Median home, 20% down, 7.18%
$72,300
Income Needed
To keep the payment at 28% of income
$75,441
Median Household Income
Tennessee: $69,595
4.1x
Price-to-Income Ratio
Tennessee: 4.1x
$1,386/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,598/yr
Median Property Tax
0.51% of median value
30.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
50.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Chapel Hill, Tennessee. The rate is the Tennessee average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Chapel Hill Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Chapel Hill, Tennessee score: 105.1 (Near National Average), ranked 336 of 380 Tennessee cities. monitorbankrates.com/housing-affordability-index/tennessee/chapel-hill”