Why Live in Franklin-Rosemary
Franklin-Rosemary, also known as the Franklin-Rosemary Historic District, is a neighborhood in Chapel Hill that borders the UNC-Chapel Hill campus. The area is characterized by its historic homes, leafy streets and a mix of residential and student housing. Architectural styles range from Greek Revival and Federal homes dating back to the 1800s to 1920s American Craftsmans and contemporary constructions. The neighborhood is known for its visual cohesion, which is brought out by its manicured pathways, stone walls and tall oak trees. Residents can walk or bike to campus, the Morehead Planetarium and local churches. Franklin Street is a lively commercial area that offers a variety of things to do, including dining at restaurants like TRU and Carolina Coffee Shop, shopping at Harris Teeter and Weaver Street Market, and catching a film at the historic Varsity Theater. The Horace Williams House, built in 1854, hosts community events and art exhibitions. Nearby, the Coker Arboretum and Battle Branch Trail provide opportunities for nature walks. The neighborhood is served by highly rated schools, including Northside Elementary School, Phillips Middle and East Chapel Hill High. Public transportation is accessible via buses on Franklin Street, and Raleigh-Durham International Airport is 20 miles away. The crime rate in Franklin-Rosemary is lower than the national average, making it a relatively safe area to live.
Frequently Asked Questions
Is Franklin-Rosemary a good place to live?
Franklin-Rosemary is a good place to live. Franklin-Rosemary is considered somewhat walkable and bikeable with good transit options. Franklin-Rosemary is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. It has a median age of 29. The average household income is $132,549 which is above the national average. College graduates make up 74% of residents. A majority of residents in Franklin-Rosemary are renters, with 55.5% of residents renting and 44.5% of residents owning their home. A
local real estate agent serving Franklin-Rosemary can help you decide if this neighborhood is the right one for you. Learn more on our
Franklin-Rosemary neighborhood guide.
Is Franklin-Rosemary, NC a safe neighborhood?
Franklin-Rosemary, NC is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Franklin-Rosemary?
The median home price in Franklin-Rosemary is $1,447,500. If you put a 20% down payment of $289,500 and had a 30-year fixed mortgage with an interest rate of 6.3%, your estimated principal and interest payment would be $7,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $307K a year to afford the median home price in Franklin-Rosemary. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Franklin-Rosemary is $133K.
What are the best public schools in Franklin-Rosemary?
The best public schools that serve Franklin-Rosemary are:
What are the best private schools in Franklin-Rosemary?
The best private schools that serve Franklin-Rosemary are:
What are the most popular zip codes in Franklin-Rosemary, Chapel Hill, NC?
What are the most popular neighborhoods near Franklin-Rosemary, Chapel Hill, NC?
Are home prices dropping in Franklin-Rosemary?
Yes, home prices in Franklin-Rosemary are down 7% in the last 12 months.
Home Trends in Franklin-Rosemary, NC
On average, homes in Franklin-Rosemary, Chapel Hill sell after 76 days on the market compared to the national average of 56 days. The median sale price for homes in Franklin-Rosemary, Chapel Hill over the last 12 months is $1,084,500, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$1,084,500
Median Single Family Sale Price
$1,460,000
Average Price Per Sq Ft
$440
Number of Homes for Sale
2
Last 12 months Home Sales
6
Median List Price
$1,447,500
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
1%