Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,229 people, 1,039 houses or apartments, and a median cost of homes of $280,643, Coats real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Coats, accounting for 73.38% of the town's housing units. Other types of housing that are prevalent in Coats include duplexes, homes converted to apartments or other small apartment buildings ( 14.66%), mobile homes or trailers ( 5.56%), and a few large apartment complexes or high rise apartments ( 4.80%).
The most prevalent building size and type in Coats are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.56% owning and 47.44% renting.
There is a lot of housing in Coats built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coats built between 1940-1969 ( 20.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.22%). There's also some housing in Coats built before 1939 ( 11.37%).
Vacant housing appears to be an issue in Coats. Fully 12.47% of the housing stock is classified as vacant. Left unchecked, vacant Coats homes and apartments can be a drag on the real estate market, holding Coats real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Coats has experienced some of the highest home appreciation rates of any community in the nation. Coats real estate appreciated 111.68% over the last ten years, which is an average annual home appreciation rate of 7.79%, putting Coats in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coats definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Coats that despite a nationwide downturn in the housing market, Coats real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coats appreciation rates continue to be some of the highest in America, at 10.89%, which is higher than appreciation rates in 97.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coats. Coats appreciation rates in the latest quarter were at 0.82%, which equates to an annual appreciation rate of 3.31%.
Relative to North Carolina, our data show that Coats's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.
$280,643
for North carolina
for nation
1,039
$1,721 / per month