Rental numbers for Orange County, NC
The typical home here runs -$2,289 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.8%.
- Gross yield
- 3.9%
- typical home, Zillow
- Median ZIP yield
- 3.8%
- 5 ZIPs with full data
- Cash flow
- -$2,289/mo
- at 7.78%, 25% down
- Typical price
- $504,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,615/mo
- Zillow ZORI, Aug 2026
ZIP codes in Orange County
7 with published figures
| 27243Efland | $394,000 | $1,690* | 5.1% | 2.2% | -$1,404 | n/a |
| 27231Cedar Grove | $401,000 | $1,690* | 5.1% | 2.0% | -$1,493 | n/a |
| 27516Chapel Hill | $606,000 | $2,294 | 4.5% | 1.8% | -$2,378 | +5.4% |
| 27510Carrboro | $430,000 | $1,502 | 4.2% | 0.8% | -$2,021 | -0.4% |
| 27278Hillsborough | $473,000 | $1,496 | 3.8% | 1.1% | -$2,117 | +0.6% |
| 27517Chapel Hill | $673,000 | $1,669 | 3.0% | 0.5% | -$3,367 | +1.1% |
| 27514Chapel Hill | $643,000 | $1,547 | 2.9% | 0.0% | -$3,458 | -3.0% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -1.7%
- Rent, 12 months
- -0.1%
- Rent minus price growth
- +1.6 pts
- Property tax
- 0.91%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $401,861 | $1,348 |
| Aug 2022 | $479,268 | $1,543 |
| Aug 2023 | $488,993 | $1,567 |
| Aug 2024 | $509,589 | $1,580 |
| Aug 2025 | $512,710 | $1,617 |
| Aug 2026 | $503,800 | $1,615 |
HUD Fair Market Rent
FY2027, Durham-Chapel Hill, NC HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,498 | $1,554 | $1,745 | $2,161 | $2,486 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 18.6
- 1,065 units, last 12 months
- National percentile
- 89th
- among US counties
Tools
Test a listing in Orange County against today's rate.
Open the calculatorPart of the Durham, NC metro.
Questions
- Is Orange County good for rental property?
- The typical home here runs -$2,289 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Orange County?
- About 0.91% of value, from Census ACS median taxes paid over median home value. On a $504,000 home that is about $4,564 a year.
- What is Fair Market Rent in Orange County?
- HUD's FY2027 Fair Market Rent here is $1,554 for a 1-bedroom, $1,745 for a 2-bedroom and $2,161 for a 3-bedroom. Typical cash flow at today's rate is -$2,289 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.