New Chapel Hill: Housing & Real Estate
The median New Chapel Hill home is valued at $186,400 (estimated market value runs 16% higher at $215,830), with median rent $1,095 (1.1× below Smith County median $1,238; 1.3× below Texas median $1,403). Homeownership rate: 70.2%. That's 1.3× below the Smith County median ($240,700); 1.5× below the Texas median ($283,800). Market is warm. Vacancy rate 21.3%. New construction makes up 17.8% of stock. A municipal building code is in effect.
- 2.9× annual income — home value vs. household income (vs Texas 3.9×).
- 14.2 years to break even renting at the median (vs Texas 17y).
- 4-BR rent is 2.2× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $186,400 — 0.7× the Texas median ($277,800). Median rent $1,095/month. homeownership rate 70.2% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 2.9× |
|---|---|
| Affordability · Rent To Income Pct | 20.6% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Fair Market Rent · Studio rent | $738 (vs Texas $1,280) |
| Fair Market Rent · One-bedroom rent | $855 (vs Texas $1,323) |
| Fair Market Rent · Two-bedroom rent | $1,070 (vs Texas $1,573) |
| Fair Market Rent · Three-bedroom rent | $1,283 (vs Texas $2,116) |
| Fair Market Rent · Four-bedroom rent | $1,604 (vs Texas $2,639) |
| Fair Market Rent · HUD FMR area | Deaf Smith County, TX |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $215,830 |
| Median Home Value | $186,400 (vs Texas $277,800) |
| Median Rent | $1,095 (vs Texas $1,361) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 21.3% |
| Housing Market · New construction (% of stock) | 17.8% |
| Housing Market · Price Appreciation 2Yr | 6.5% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Texas median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 61.1% (vs Texas 83.2%) |
| Broadband · Broadband-capable premises | 288 |
| Electricity · Electricity rate (¢/kWh) | 14.94¢/kWh |
| Electricity · Customers | 12547863 |
| Electricity · Revenue Millions | $24,652 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 70.2% (vs Texas 57.0%) |
|---|---|
| Median Year Built | 1986 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12