Home prices
The median home cost in Carrboro is $368,800. In comparison to its nearby areas this is about $98,660 (36%) higher.Compared to the rest of the country it is approximately $151,300 (69%) higher, and it is roughly $120,500 (48%) higher compared to the city of Raleigh.
Rents
Carrboro's median monthly rent is $1,078. It is about $29 (2%) lower compared to its nearby areas.It is roughly $16 (1%) higher in comparison to the country as a whole, and in comparison to the city of Raleigh is approximately $43 (3%) lower.
Nearby places
Chapel Hill
Chapel Hill is Carrboro's neighbor to the east. Its housing prices are a bit more expensive. The value of the median home in Chapel Hill is $399,700, which works out to $30,900 (7%) higher than Carrboro. Rent there is a bit more expensive. In Chapel Hill the median monthly rent is $1,191, which comes out to $113 (9%) higher than Carrboro.
Durham
Durham is approximately 9 miles northeast from Carrboro. The real estate prices there are a lot less expensive. Durham's median home price is $224,100, which is $144,700 (64%) lower than Carrboro. The rent there is fairly similar. The median rent in Durham is $1,058 a month, which works out to $20 (1%) lower than Carrboro.
Hillsborough
Hillsborough is approximately 10 miles north from Carrboro. The housing prices there are significantly less expensive. The median home cost in Hillsborough is $261,200, which works out to $107,600 (41%) lower than Carrboro. The rent there is a little less expensive. In Hillsborough the median monthly rent is $1,025, which comes out to $53 (5%) lower than Carrboro.
Saxapahaw
Saxapahaw is about 11 miles west from Carrboro. Real estate prices there are substantially less expensive. The median home in Saxapahaw is valued at $133,900, which works out to $234,900 (175%) lower than Carrboro. The rent there is a little less expensive. The median rent in Saxapahaw is $861 a month, which comes out to $217 (25%) lower than Carrboro.
Morrisville
Morrisville is roughly 13 miles southeast from Carrboro. The housing prices there are somewhat less expensive. The median home value in Morrisville is $331,800, which is $37,000 (11%) lower than Carrboro. The rent there is a little more expensive. In Morrisville the median monthly rent is $1,398, which is $320 (22%) higher than Carrboro.
