| Year: | 1986 |
| Team: | North Carolina Tar Heels |
| Sport: | football |
| Conference: | Atlantic Coast Conference |
| Short Conf: | ACC |
| Record: | 7–4–1 |
| Conf Record: | 5–2 |
| Head Coach: | Dick Crum |
| Hc Year: | 9th |
| Captain: | Walter Bailey |
| Stadium: | Kenan Memorial Stadium |
| Bowl: | Aloha Bowl |
| Bowl Result: | L 21–30 vs. Arizona |
The 1986 North Carolina Tar Heels football team represented the University of North Carolina at Chapel Hill during the 1986 NCAA Division I-A football season. The Tar Heels were led by ninth-year head coach Dick Crum and played their home games at Kenan Memorial Stadium in Chapel Hill, North Carolina. They competed as members of the Atlantic Coast Conference, finishing tied for second. North Carolina was invited to the 1986 Aloha Bowl, where they lost to Arizona.