The Tar Heels own several notable streaks in the history of college basketball. They appeared in either the NCAA Tournament or National Invitation Tournament (NIT) every year from 1967 to 2001. This includes 27 straight appearances in the NCAA tourney from 1975 (the first year that competition allowed more than one team from a conference to get a guaranteed bid) to 2001—the longest such streak in tournament history until it was broken by Kansas in March 2017. The Tar Heels also notched 37 straight winning seasons from 1964 to 2001, the third-longest such streak in NCAA history, behind UCLA's streak of 54 consecutive winning seasons from 1948 to 2001, and Syracuse's currently active streak of 46 seasons from 1971 to date. They also finished .500 or better for 39 years in a row from 1962 (Dean Smith's second year) to 2001, the third-longest such streak in NCAA history, behind Kentucky's streak of 61 consecutive seasons from 1926 to 1988 (the Wildcats were barred from playing in 1952–53 due to NCAA violations) and UCLA's 54-season streak.

1910–11 1911–12 1912–13 1913–14 1914–15 1915–16 1916–17 1917–18 1918–19 1919–20 1920–21 1921–22 1922–23 1923–24 1924–25 1925–26 1926–27 1927–28 1928–29 1929–30 1930–31 1931–32 1932–33 1933–34 1934–35 1935–36 1936–37 1937–38 1938–39 1939–40 1940–41 1941–42 1942–43 1943–44 1944–45 1945–46 1946–47 1947–48 1948–49 1949–50 1950–51 1951–52 1952–53 1953–54 1954–55 1955–56 1956–57 1957–58 1958–59 1959–60 1960–61 1961–62 1962–63 1963–64 1964–65 1965–66 1966–67 1967–68 1968–69 1969–70 1970–71 1971–72 1972–73 1973–74 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87 1987–88 1988–89 1989–90 1990–91 1991–92 1992–93 1993–94 1994–95 1995–96 1996–97 1997–98 1998–99 1999–00 2000–01 2001–02 2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18 2018–19 2019–20
From the ACC's inception in 1953 to 2001, the Tar Heels did not finish worse than a tie for fourth place in ACC play. By comparison, all of the ACC's other charter members finished last at least once in that time. From 1965 to 2001, they did not finish worse than a tie for third, and for the first 21 of those years they did not finish worse than a tie for second.
^ The Helms Foundation named its own national college basketball champion for each year from 1936 through 1982. The foundation also retroactively awarded championships from 1901 through 1935. While the 1924 team was undefeated, they did not play a single opponent from north of the Mason–Dixon line; indeed, intersectional play would not start on a regular basis for another decade. However, the 1924 Tar Heels did beat the Kentucky Wildcats that season in a battle of what most considered the two best teams in the nation.

Carolina has played 160 games in the NCAA tournament. The Tar Heels have appeared in the NCAA Tournament Championship Game 11 times, and have been in a record 20 NCAA Tournament Final Fours.[10] The Tar Heels have made it into the NCAA tournament 50 times (second-most all-time),[11][12] and have amassed 123 victories (second most all-time).[11][12] North Carolina also won the National Invitation Tournament in 1971,[3] and appeared in two NIT Finals with six appearances in the NIT Tournament.[3] Additionally, the team has been the number one seed in the NCAA Tournament 17 times, the latest being in 2019 (most #1 seeds all-time).
In a clip from Michael Jordan's time as a player in Chapel Hill, the former North Carolina guard and six-time NBA Champion speaks on the Carolina family. "It’s just like a family and everybody contributes to the win. They can come off the bench and contribute or stay on the bench and cheer and so that is contributing to win," Jordan said. (Inside Carolina)
From the Tar Heels' first season in 1910–11 through the 2018–19 season, the program has amassed a .739 all-time winning percentage (second highest all-time), winning 2,261 games and losing 799 games in 109 seasons.[6][7][8] The Tar Heels also have the most consecutive 20-win seasons with 31 seasons from the 1970–71 season through the 2000–2001 season.[9] On March 2, 2010, North Carolina became the second college basketball program to reach 2,000 wins in its history. The Tar Heels are currently ranked 3rd all time in wins trailing Kentucky by 34 games and Kansas by 13 games. The Tar Heels are one of only four Division I Men's Basketball programs to have ever achieved 2,000 victories. Kentucky, Kansas, and Duke are the other three. North Carolina has averaged more wins per season played than any other program in college basketball.
In the 2008–09 season, the Tar Heels won their fifth NCAA title by defeating Michigan State in the championship of the 2009 NCAA Men's Basketball Tournament. The Tar Heels won all six of that year's tournament games by at least 12 points, for an average victory margin of 20.2 points, and only trailed for a total of 10 minutes out of 240 through the entire tournament.[41] Wayne Ellington was named the tournament's Most Outstanding Player, the fourth Tar Heel so honored.
Donovan Johnson, the 6-foot-7 wing from Hillcrest Prep (AZ), will visit North Carolina this weekend for his third official visit. He has no other visits planned. Ziaire Williams, the 6-foot-7 small forward from Sierra Canyon (CA), visits Arizona this weekend for his third official visit. And 7-foot center Saba Gigiberia will visit Georgia Tech for his second official visit. (Zag's Blog)
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