Coats, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Coats Neighborhoods Since 2000




Coats, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Coats Housing Market Information

With 2,408 people, 905 houses or apartments, and a median cost of homes of $130,125, house prices in Coats are solidly below the national average.

Single-family detached homes are the single most common housing type in Coats, accounting for 78.35% of the town's housing units. Other types of housing that are prevalent in Coats include mobile homes or trailers ( 10.19%), duplexes, homes converted to apartments or other small apartment buildings ( 8.54%), and a few large apartment complexes or high rise apartments ( 1.94%).

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 54.94% owning and 45.06% 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 ( 26.41%). A lesser amount of the housing stock also hails from before 1939 ( 15.83%). There's also some housing in Coats built between 2000 and later ( 13.79%).

Vacant housing appears to be an issue in Coats. Fully 12.14% 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.

Coats Home Appreciation Rates

Appreciation rates for homes in Coats have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.74%, which ranks in the top 50% nationwide. This equates to an annual average Coats house appreciation rate of 0.07%.

NeighborhoodScout's data show that during the latest twelve months, Coats's appreciation rate, at 3.69%, has been at or slightly above the national average. In the latest quarter, Coats's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.

Notably, Coats's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Coats's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$130,125

Coats, NC HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.7
$542,001 - $814,000 0.5
$434,001 - $542,000 0.5
$326,001 - $434,000 7.7
$217,001 - $326,000 9.9
$108,001 - $217,000 37.0
$54,001 - $108,000 33.4
$0 - $54,000 10.4

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
59.8031173092699 55.535390199637

Number Of Homes And Apartments:
905

Coats Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
18.40% 0.98% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$883 / per month

Homeownership Rate

Homeownership
Owners 54.94
Renters 45.06
Vacant 12.14

Housing Market Details

 

Age of Homes

AGE OF Coats HOMES
2000 or Newer 13.8
1970 - 1999 44.0
1940 - 1969 26.4
1939 or Older 15.8

Types of Homes

TYPE OF Coats HOMES
Single-Family 78.3
Townhomes 1.0
Small Apt. Buildings 8.5
Apt. Complexes 1.9
Mobile Homes 10.2
Other 0.0

Home Size

SIZE OF Coats HOMES
No Bedroom 0.00
1 Bedroom 4.08
2 Bedrooms 32.72
3 Bedrooms 52.33
4 Bedrooms 10.00
5 or more bedrooms 0.87