Chapel Hill Homes under $500,000

Welcome to Chapel Hill, North Carolina – a vibrant town that perfectly blends Southern charm with a progressive spirit. Nestled in the heart of the Research Triangle, Chapel Hill is renowned for its rich history, thriving arts scene, and exceptional educational institutions, including the prestigious University of North Carolina at Chapel Hill. This lively community is not just a hub for academics; it boasts picturesque parks, a diverse culinary landscape, and a variety of cultural events that cater to all lifestyles.

For those seeking to make Chapel Hill their home, there’s great news! The real estate market here offers an array of charming homes priced under $500,000, making it an ideal destination for first-time buyers, families, and investors alike. Imagine settling into a cozy bungalow or a contemporary townhouse, all while being just moments away from the town’s vibrant downtown area, where local shops and eateries abound.

Whether you prefer a home with lush gardens, easy access to walking trails, or proximity to top-rated schools, Chapel Hill has something for everyone. With its welcoming neighborhoods and a strong sense of community, you’ll find that living in Chapel Hill is not just about owning a home; it’s about embracing a lifestyle that celebrates education, innovation, and togetherness.

Explore the possibilities that await you in this charming town, where your dream home under $500,000 is just waiting to be discovered! Let us help you find the perfect place to call home in Chapel Hill, where every day feels like a new adventure.

Newest Chapel Hill Homes under $500,000

$345,000

2 Beds ⋅ 3 Baths ⋅ 10196431 MLS ⋅ ACTIVE Status

Come see this beautiful 2 bedroom 2.5 bath condo located close to all the things you know you want to do around Chapel Hill and Carrboro. Freshly painted and renovated, it is in "move-in ready" condition Two generous primary bedrooms with double closets and their own full bathrooms. A lovely kitchen with renovated cabinets, countertops, tile backsplash and appliances plus an adjacent laundry room with a washer and dryer. Updated flooring throughout. New vanities and new marble style tile in the two full bathrooms and powder room. Toilets are equipped with bidets, an unusual bonus. Big living room / dining room with back deck overlooking the woods on the adjacent 17 acres of land owned by the local utility company used for their water tower and power lines, so lots of trees and privacy out the back windows! Easy access to the University, activities in town or jump on Hwy 54 to go elsewhere. "The Overlook" complex offers an established boutique level 7 unit community in a location with strong market fundamentals and lasting value potential. Whether seeking a primary residence or an investment property, this condo delivers solid value and practical design.

817 Edwards St Unit B, Chapel Hill

$405,000

1 Beds ⋅ 1 Baths ⋅ 10190291 MLS ⋅ ACTIVE Status ⋅ 2000 BLDG.

Welcome to Chapel Hill's East 54! Enjoy the open floor plan with natural light streaming through floor-to-ceiling windows and an open balcony. This one bedroom condo has hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, large bathroom with walk-in shower and walk-in closet. This building has a covered parking garage with an assigned parking space and storage unit. Relax at the rooftop pool overlooking Finley Golf Course, and stay active in the private fitness center. Dine and shop in style as you have many restaurant, grocery, and boutique choices just steps away. Easy access to UNC, Chapel Hill, Carrboro, Durham and I-40, this condo offers convenience and elegance.

2201 Environ Way, Chapel Hill

$385,000

2 Beds ⋅ 2 Baths ⋅ 10196311 MLS ⋅ ACTIVE Status

Discover a sweet Carolina home where convenience, nature and predominantly single-level living come together just minutes from downtown Chapel Hill and UNC-Chapel Hill—and with no HOA. Set on nearly half an acre in an established Chapel Hill neighborhood with an active community, this charming ranch-style home offers two bedrooms plus a flexible bonus room/office, ideal for working from home, hobbies, guests or additional living space. With no HOA, you can enjoy the freedom of your own property without association dues or restrictions. This is a home that has truly been loved, and nowhere is that more evident than in the abundant gardens surrounding it. Thoughtfully planted with native plants that attract bees, Monarch butterflies and hummingbirds, the property feels like a private nature retreat while remaining remarkably close to everything Chapel Hill has to offer. Don't be surprised to spot deer sauntering through the yard, too. Inside, enjoy predominantly main-level living with only a few steps within the home. To the rear, a large split-level deck extends the living space outdoors—the perfect spot for morning coffee, soaking up the Carolina sunshine, evening libations or simply sitting quietly and watching the wildlife pass by. And for buyers thinking about the lot size, the sellers have completed a soil study exploring the potential to expand the home. The existing septic system may be relocated to accommodate a future addition, giving the next owner an exciting opportunity to investigate creating additional living space. Nearly half an acre. No HOA. Close to downtown Chapel Hill and UNC, yet surrounded by mature greenery, native gardens and wildlife. It's a wonderful combination of accessibility, flexibility and a quieter connection to nature. I highly recommend experiencing this sweet Chapel Hill home in person—it has a feeling that simply can't be captured in photographs.

37 S Circle Dr, Chapel Hill

$235,000

2 Beds ⋅ 3 Baths ⋅ LP770145 MLS ⋅ ACTIVE Status

Chapel Hill Location & Value! This newly updated, spacious 2 bedroom, 2.5 bath condo is tucked just off Franklin Street, putting you close to UNC, Downtown Chapel Hill, the Bolin Creek Greenway, and nearby bus stops. Inside, you’ll find two generously sized bedrooms, each with its own ensuite bathroom, along with a spacious family room, dining area, and unique floating staircase. The bright, updated kitchen features stainless steel appliances, including a large refrigerator. Enjoy your private brick patio, perfect for relaxing and enjoying the outdoors. Residents also have access to the community pool, tennis courts, clubhouse, and direct access to the Bolin Creek Greenway. With fresh updates and a convenient Chapel Hill location, this condo is ready to welcome its next owner. Come take a look!

220 Elizabeth St Unit C3, Chapel Hill

$495,000

4 Beds ⋅ 2 Baths ⋅ 10196301 MLS ⋅ ACTIVE Status

Do you know that feeling when you walk into a home and instantly get the sense that it has been well cared for, maintained, and loved? Welcome to 1904 Overland. An abundance of natural lighting greet you right upon entry via skylights and large picture windows. The updated kitchen and lofted ceiling in the living room are right there to further impress. Search far and wide throughout the Triangle--you will find no neighborhood like Colony Woods/Ridgefield/Briarcliff, a charming community with no HOA. From the full growth trees to the large lots void of cookie-cutter homes, you need to visit to understand! From Overland, your crew can easily bike, wheel, or scooter to the local elementary school and two parks. Just down the street is Ridgewood Pool which is a neighborhood summer favorite. The Blue Hill District is less than a mile away and includes multiple grocery stores (Whole Foods, Trader Joes, Aldi, and more!), luxury movie theatre, shopping, dining, and University Place (including Chick-Fil-A, Bartaco, and Jeni's Ice Cream!). And of course, your commute to UNC, Duke, or I-40 Plum takes mere minutes. For the family that needs an abundance of spaces in an accessible location, this Colony Woods home cannot be beat. More info at www.1904overland.com. Highlight Overview: 4 bedrooms, 2 full bathrooms, updated kitchen, family and living rooms, lofted ceiling in living room, walk-out lower level, 0.8 miles to assigned Ephesus Elementary

1904 Overland Dr, Chapel Hill

$300,000

2 Beds ⋅ 3 Baths ⋅ 10196277 MLS ⋅ ACTIVE Status

Welcome to 606 Oak Tree Drive in the Oaks. The ease of access from this property cannot be beat. A couple of short blocks from restaurants, grocery stores, drug stores, 2 golf courses and more. Many trails and paths for recreation right out your backdoor. Free Chapel Hill bus stop is only a couple of hundred feet away for a quick ride to UNC, UNC hospital, & more! Kitchen has been completed redone with white cabinets, granite counters, subway tile backsplash, stainless appliances and really shines. Dining room or office in the front of the property and a spacious living room with brick accent wall looks over the patio and tress to the south facing rear of the home. Solid floors, welcoming foyer and powder room round out downstairs. Upstairs features all new carpet, 2 bedrooms and 2 baths with the primary having it's own ensuite and dual closets. Second bedroom is spacious with long range views of the pool, and a large closet and additional storage. The hall bath has been updated with new vanity, quartz counters, underhung sink, faucet, mirror. This would make a great home for it's next buyer, turn key rental for the investor client, or game day pied-à-terre for all your UNC game weekend or day activities.

606 Oak Tree Dr Unit 606, Chapel Hill

$315,000

3 Beds ⋅ 2 Baths ⋅ 10195901 MLS ⋅ ACTIVE Status

Location, space, and flexibility—all in one! Welcome to 205 Sunrise Lane, a beautifully updated three-story condo that lives like a townhome, ideally located approximately 1.2 miles from UNC-Chapel Hill and close to downtown. Freshly painted and carpet-free throughout, this move-in-ready home offers numerous updates for its next owner. The main level features a spacious family room and separate dining room with brand-new luxury vinyl plank flooring and peaceful wooded views. The updated kitchen includes newer appliances, a new faucet, and additional improvements. Upstairs, you'll find two bedrooms with hardwood and ceiling fans, plus a shared full bathroom. The basement offers one additional bedroom and a flex room, a second full bath, a laundry and utility area with a washer and dryer, and direct access to the rear patio—providing excellent separation of space and privacy. New roof installed in 2023. Located along a free bus route and convenient to bike paths, UNC, Franklin Street, The Root Cellar, the YMCA, Bolin Creek trails, restaurants, shopping, and entertainment. Don't miss this exceptional Chapel Hill home—a rare opportunity to enjoy flexible living, thoughtful updates, and an unbeatable location near UNC and downtown!

205 Sunrise Ln Unit Apt C, Chapel Hill

$260,000

2 Beds ⋅ 2 Baths ⋅ 10195861 MLS ⋅ ACTIVE Status

Welcome to this beautifully updated first-floor condo in a fantastic Chapel Hill location! This spacious 2-bedroom, 2-bath home offers easy one-level living with luxury vinyl plank flooring, a stylish remodeled kitchen featuring quartz countertops, and a beautifully updated walk-in shower. The open, inviting layout is complemented by modern finishes throughout, making this home move-in ready. Enjoy the convenience of a first-floor location along with the community's excellent amenities, including a pool, clubhouse, tennis courts, and sidewalks. Ideally situated near shopping, dining, recreation, and all that Chapel Hill has to offer. A wonderful opportunity to enjoy comfort, convenience, and an unbeatable location!

1411 Arborgate Cir, Chapel Hill

$495,000

3 Beds ⋅ 3 Baths ⋅ 10195792 MLS ⋅ ACTIVE Status

Welcome home to this bright and inviting end-unit townhome in Ballentine, where windows on three sides fill the rooms with natural light and an expansive green space bordered by mature trees sits right next door. Featuring 3 bedrooms, 2.5 baths, and a two-car garage, the home offers comfortable spaces to gather and unwind. Fresh interior paint throughout and a freshly painted screened-in porch give the home a refreshed feel. Hardwood floors anchor the open main level, where the living room with fireplace flows into the kitchen and dining area. The kitchen features granite countertops, stainless steel appliances, a tile backsplash, and ample cabinetry. Decorative wall trim adds character to the dining area, while the screened-in porch overlooking wooded surroundings provides a welcoming spot for morning coffee or relaxing outdoors. Upstairs, updated luxury vinyl plank flooring in a contemporary light wood tone creates a bright, cohesive look. The generous primary suite features a tray ceiling and an ensuite bath with dual vanities, a soaking tub, and a separate shower. Two additional bedrooms, a full bath, and an upstairs laundry room offer everyday convenience. The open loft provides flexible space for a home office, reading nook, or additional living area. Additional updates include an HVAC system replaced in 2024 and a refrigerator replaced in 2021. HOA-maintained grounds and exterior maintenance, including the roof, simplify upkeep. Enjoy nearby walking trails and convenient access to shopping, dining, UNC, and I-40.

274 Lexes Trl, Chapel Hill

$245,000

2 Beds ⋅ 2 Baths ⋅ 10195754 MLS ⋅ ACTIVE Status

Welcome home to this beautifully refreshed 2-bedroom, 2-bath condo in the desirable Providence Glen community! Offering 1,075 square feet of comfortable, easy living, this home features a bright, open layout, fresh interior paint, and carpet replaced in 2023. A new refrigerator, new washer, and new dryer all convey, making this home truly move-in ready. Enjoy an incredibly convenient Chapel Hill location just minutes from Wegmans, Eastgate shopping and dining, Trader Joe's, Whole Foods, I-40, UNC-Chapel Hill, Duke, and RTP. Enjoy low-maintenance condo living with an HOA fee that covers condo-style master insurance and maintenance of the common areas, private streets, roofs, siding, decks, and common areas within each building. Providence Glen amenities include a swimming pool, clubhouse, and tennis court, giving you even more to enjoy without the upkeep of a single-family home. Freshly updated, move-in ready, and ideally located for easy access to Chapel Hill and the Triangle, this Providence Glen condo is ready to welcome you home!

1011 Arborgate Cir, Chapel Hill

$220,000

2 Beds ⋅ 2 Baths ⋅ 10195634 MLS ⋅ ACTIVE Status

Welcome home to this roomy 2-bedroom, 1.5-bathroom townhouse nestled in one of the best locations in Chapel Hill. Steps from University Place (shopping, dining, Silverspot Cinema, Chapel Hill Farmer's Market, fitness, banks, post office, etc.), Chapel Hill Community Center (greenway, indoor pool, park, etc.), and more, this home is the ultimate launching pad for anyone wanting to experience the best of Chapel Hill. Willow Terrace is a classic, old-school Chapel Hill community known for its remarkable location and solid townhomes. If you have a vehicle (even if you may not need one), parking is easy with designated private spots. Inside, find a spacious living room with impressive storage and a big front window. A powder room, a large eat-in kitchen, and a convenient laundry area complete the main floor. The sunny kitchen features a lovely layout and vintage charm. The kitchen's back door leads to a quiet courtyard. Upstairs, find two spacious bedrooms with hardwood floors and a full bathroom. Both bedrooms have great closets and big windows. The walls were freshly painted just prior to listing. It's a blank canvas awaiting its new chapter. Thoughtfully priced, this property is ready for your touch, updates, and fingerprint. It's ready for you! This is a great opportunity to own a property in an outstanding location and update it to your liking, whether it be your forever home, a cozy place for your kids to start their adult lives, or a Tar Heel pied-à-terre. This property is 5 minutes from UNC, a world-class university and hospital, and 15minutes from Duke University and Medical Center. It is also located in the heart of the Chapel Hill-Carrboro City Schools district. Mornings on the Bolin Creek trail, weekend coffee or lunch at your favorite spot, people-watching with friends (ice cream + cone in hand) at Jeni's, dinner out (or in with your farmers' market haul), and a lux movie theater experience all await just outside your front door. And that's just scratching the surface of this awesome location! If your next chapter includes soaking in the energy of a truly excellent location and settling into the simplicity of an efficient property and lifestyle, this property is waiting for you!

1002 Willow Dr Unit 19, Chapel Hill

$424,990

3 Beds ⋅ 4 Baths ⋅ 10195626 MLS ⋅ ACTIVE Status

Welcome to the NOLA Plan in the heart of Durham! Discover modern townhome living at 1058 Zelkova Lane in Twinleaf Townes by TriPointe Homes. This stylish 3-story home is designed to impress with a first-floor flex room featuring a full bath and walk-in shower -- perfect for guests, a home office, or your own private retreat. Love to entertain? The oversized kitchen island, sleek contemporary finishes, and open-concept design create the perfect space for hosting friends and family. Location, it doesn't get much better: Only 0.5 miles to I-40; Just minutes to UNC (4 mi), Duke (8 mi), RTP, and Southpoint Whether you're commuting, dining out, shopping, or exploring Durham, everything you need is right at your fingertips. Opportunities like this don't last long in one of Durham's most desirable communities -- schedule your visit today! Photos are renderings or of a model home. Actual features, finishes, and selections may vary.

1058 Zelkova Ln, Chapel Hill

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .