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Saturday, May 21, 2022

Your Carrboro, NC Real Estate Questions Answered

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Your Carrboro, NC Real Estate Questions Answered

Carrboro, NC, is a great place to live for those who appreciate the arts and enjoy being in a progressive community. Nicknamed the “Paris of the Piedmont,” this railroad spur town has evolved into a vibrant place to live. It was named a Top Five Small Arts Town in the US by 24/7 Tempo. While the town is small, there is plenty to do, from its music and performing arts scene to award-winning restaurants.

Residents of Carrboro appreciate its quirky flair, optimistic vibe, and its optimal location in the Piedmont region. If you’re considering moving to Carrboro, you probably have questions about its real estate market. Here are some answers to common questions.

What is the average price of a home in Carrboro, NC?

If you’re considering moving to Carrboro, the real estate market has much to offer. Home prices are reasonable, and there are many different types of homes available. Whether you’re looking for a condo, townhome, or single-family home, Carrboro has something for everyone.

The median price for a home in Carrboro was $495,000 in May 2022, with 21 homes for sale. However, prices ranged from $150,000 for a residential lot to over $2.1 million for a custom four-bedroom, 5.5-bathroom home on five acres.

Are there any condos or townhomes available in Carrboro, NC? 

Yes, there are several condo and townhome complexes in Carrboro. Prices for these types of homes start in the low $200,000s. In May 2022, only two condo properties were listed. They ranged from $215,000-$293,500.

Some places you can look for condos or townhomes are Bolinwood Condominiums, Westpark Condominiums, Hillmont Condominiums, White Oak Townhomes, Canterbury Townhomes, and University Commons.

What is the property tax rate for Carrboro, NC?

The 2021-2022 property tax rate for Carrboro was $0.6044 per $100 in assessed property value. This rate has been relatively stable for over a decade.

The Orange County rate for 2021-2022 was $0.8187 per $100. You may be in the Orange Grove, Damascus, Greater Chapel Hill, or Southern Triangle Fire District, depending on your address. These taxing rates vary from $0.0627 to $0.1387. The Chapel Hill-Carrboro School District Tax was an additional $0.183.

What county is Carrboro, NC in?

Carrboro is located in Orange County, NC. The county has a population of about 170,000 people and an area of 255 square miles. The county seat is Hillsborough.

Orange County is located in the North Carolina Piedmont, between the Research Triangle Park and the Triad cities of Greensboro, Winston-Salem, and High Point. Orange County has more than 140,000 people and includes historic Hillsborough, the county seat; Chapel Hill, home to the University of North Carolina; and Mebane, a former railroad and mill town.

Five Native American tribes occupied the lands today known as Orange County. The county was established in 1752 and is named for the House of Orange-Nassau, the Dutch royal family that ruled England, Scotland, Ireland, and Wales at the time. UNC-Chapel Hill was chartered in 1789 and remains the flagship campus of the UNC system.

Is Carrboro, NC, growing?

Carrboro’s population has been steadily growing over the past few years. According to the US Census Bureau data, Carrboro’s population was 21,295 in 2020, up almost 2,000 residents from 2010. Growth is slightly limited by the town’s limits, which are highly developed and besides other urban areas.

What neighborhoods are in Carrboro, NC?

Carrboro is made up of several distinct neighborhoods, each with its own flavor. With a population of just over 20,000 people, Carrboro is small enough to get to know your neighbors and has enough going on that you’re never bored.

Chapel Hill North is Carrboro’s northernmost neighborhood and includes the University of North Carolina’s main campus. Chapel Hill North is a lively area with a mix of shops, restaurants, and businesses.

West Carrboro is located west of downtown and includes the neighborhoods of Lake Hogan Farms and Claremont. West Carrboro is known for its upscale homes and amenities, such as community lakes and swimming pools.

East Carrboro is located east of downtown and includes the neighborhood of Plantation Acres. East Carrboro is a rural area with large lot sizes and a slower pace of life.

Downtown Carrboro is the heart of the town, with a lively mix of shops, restaurants, and businesses. Weaver Street Market, a popular co-op grocery store, is also located downtown.

Lake Hogan Farms is a beautiful neighborhood with around 400 upscale homes. It’s just outside of Carrboro but still within Orange County. Amenities include a three-acre lake, a swimming pool, playground, walking trails, and a clubhouse.

Claremont is a green-built community with tree-lined streets and open green spaces. Enjoy walking paths, a playground, and a community swimming pool. Every home was built to be Green Building initiative certified.

Wexford features mature oak trees and spacious lots. The homes range from 3,000-5,000 sq ft. Sidewalks line the streets, and it’s not uncommon to see the neighborhood children walking or biking to school.

Cates Farm was once a collection of family-owned farms dating to the 1800s. Along Buck Taylor Trail, you can see a historical cemetery marker. More sidewalks and trails make this a great outdoor recreation neighborhood. Most homes were built in the 1990s and sit on 1/3-acre lots.

Winmore is a mixed-use neighborhood that’s still growing. It’s located just south of Chapel Hill and has easy access to major highways. Housing options include single-family and townhomes. Some have a Craftsman style.

Plantation Acres is a rural neighborhood east of Carrboro. This neighborhood is great for those who want to be near nature and have some space between neighbors.

Other popular neighborhoods include Roberson Place and Quarterpath Trace.

Are there any waterfront properties found in Carrboro, NC? 

Carrboro has no waterfront properties, as the town is located inland. However, several neighborhoods have community lakes, such as Lake Hogan Farms and Wexford.

What’s the cost of living like in Carrboro, NC?

Carrboro’s cost of living is about 5% higher than the national average. The housing market was the highest above-average expense, with the median home price hovering around $400,000 in spring 2022. Rent prices are also high, with a one-bedroom apartment averaging around $1,500 per month.

How is golf in Carrboro, NC?

Carrboro does not have golf courses inside the city limits. Nearby is the Chapel Hill Country Club, an 18-hole private course that was founded in 1896. The club has a rich history and has hosted several prominent tournaments, including the Azalea Invitational and the North & South Women’s Amateur.

What areas are near Carrboro, NC?

Carrboro is located in the Research Triangle region of North Carolina, one of the fastest-growing regions in the country. The area is home to many high-tech companies and research institutions, as well as three major universities: UNC-Chapel Hill, Duke University, and NC State University.

Chapel Hill is Carrboro’s neighbor to the east and is home to UNC-Chapel Hill. Being this close to a major university gives Carrboro a college town feel. Nearby attractions (besides the college) are the North Carolina Botanical Gardens, Carolina North Forest, and Morehead Planetarium and Science Center.

Durham is located northeast of Carrboro and is the state’s capital city. Durham is home to Duke University. The city is also known for its vibrant arts and music scene. Popular attractions include the Durham Bulls Minor League Baseball team, the Duke Lemur Center, and the Museum of Life and Science.

Raleigh is the state capital and is southeast of Carrboro. The city’s downtown area is known for its museums, art galleries, and nightlife. Popular attractions include the NC Museum of Art, the NC Museum of Natural Sciences, and the Raleigh Little Theatre. Raleigh is home to NC State University.

Other nearby towns in the Triangle Area include Carpenter, Cary, Apex, and Hillsborough. Outside of the Triangle, to the northwest, are the towns of Burlington and Graham.

Jordan Lake is a large reservoir located south of Carrboro. The lake is popular for fishing, swimming, and boating. There are also several hiking trails located around the lake.

What to know about living in Carrboro, NC

If you’re looking for a small-town feel with all the amenities of a big city, Carrboro is the perfect place for you. With its eclectic mix of shops, restaurants, and art galleries, there’s something for everyone in Carrboro. The town is near many of North Carolina’s foremost universities, making it a great place for students and faculty alike. Carrboro is a great place to call home with its mild climate and scenic location.

If you’re looking at living in Carrboro, contact a local real estate agent to find the right neighborhood for you.  

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Preston Guyton

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