Coram, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Coram Neighborhoods Since 2000




Coram, NY 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

Coram Housing Market Information

With 39,361 people, 14,869 houses or apartments, and a median cost of homes of $353,955, real estate costs in Coram are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Coram, accounting for 50.81% of the town's housing units. Other types of housing that are prevalent in Coram include large apartment complexes or high rise apartments ( 27.25%), row houses and other attached homes ( 15.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coram. Owner-occupied housing accounts for 66.89% of Coram's homes, and 52.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coram 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 Coram built between 1940-1969 ( 15.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.27%). There's also some housing in Coram built before 1939 ( 2.47%).

Coram Home Appreciation Rates

Homes have actually lost value in Coram over the last then years, as home values have seen a decline of 20.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Coram home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Coram's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Coram's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Coram differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coram - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coram real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$353,955

Coram, NY HOME PRICES

Value Range
> $1,089,000 0.7
$817,001 - $1,089,000 0.1
$544,001 - $817,000 5.7
$435,001 - $544,000 9.7
$327,001 - $435,000 39.9
$218,001 - $327,000 30.7
$109,001 - $218,000 7.4
$54,001 - $109,000 3.0
$0 - $54,000 2.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.9008555021681 28.1705948372615

Number Of Homes And Apartments:
14,869

Coram Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
57.48% 2.67% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,988 / per month

Homeownership Rate

Homeownership
Owners 66.89
Renters 33.11
Vacant 5.77

Housing Market Details

 

Age of Homes

AGE OF Coram HOMES
2000 or Newer 14.3
1970 - 1999 67.7
1940 - 1969 15.5
1939 or Older 2.5

Types of Homes

TYPE OF Coram HOMES
Single-Family 50.8
Townhomes 15.5
Small Apt. Buildings 6.2
Apt. Complexes 27.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Coram HOMES
No Bedroom 0.59
1 Bedroom 14.75
2 Bedrooms 28.16
3 Bedrooms 28.53
4 Bedrooms 24.13
5 or more bedrooms 3.85