ZIP Code 27562

Households in ZIP code 27562, near Chapel Hill, report a median income of $172,955, while per-capita income sits at $57,644. A median home value of $614,300 pairs with a county property tax rate of 0.64%, so annual property taxes land around $3,900. Combined with a 7.25% sales tax, housing costs stay contained relative to earnings, since that property tax bill equals roughly 2% of median household income. High wages alongside contained carrying costs give these households substantial room to save, invest, or spend elsewhere in the local economy.