Coldwell Banker is out with their annual home price comparisons, as reported by the Triangle Business Journal, and the news isn't so great for anyone living in Orange County concerned with affordability.
Chapel Hill ranks as the most expensive housing community in North Carolina. A typical four-bedroom, two-bathroom home will cost you an average of $401,765 here, compared with a state average of only $229,112. Hillsborough ranks 9th at $276,816.
For comparison, the average price for a four-bedroom, two-bath home in Durham is only $250,129. In Raleigh, it's $272,305.
The metric isn't perfect - looking only at relatively large houses - but the comparison still paints a pretty clear picture of what's happening in Orange County compared with the rest of the state.
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