Coatesville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coatesville, PA 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

Coatesville Housing Market Information

With 13,148 people, 4,407 houses or apartments, and a median cost of homes of $118,379, house prices in Coatesville are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Coatesville, accounting for 40.05% of the city's housing units. Other types of housing that are prevalent in Coatesville include large apartment complexes or high rise apartments ( 21.69%), single-family detached homes ( 20.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 17.19%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Coatesville are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 36.00% owning and 64.00% renting.

The housing in Coatesville was primarily built before 1939 ( 54.96%), making the housing stock in Coatesville some of the oldest overall in America, although there is a range of ages of homes in Coatesville. The next most important housing age is between 1940-1969 ( 21.46%), followed by between 2000 and later ( 13.38%). There's also some housing in Coatesville built between 1970-1999 ( 10.20%).

Vacant housing appears to be an issue in Coatesville. Fully 14.03% of the housing stock is classified as vacant. Left unchecked, vacant Coatesville homes and apartments can be a drag on the real estate market, holding Coatesville 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.

Coatesville Home Appreciation Rates

Coatesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coatesville during the period has been just -1.45%, which is lower than 80% of US communities.

Over the last year, Coatesville appreciation rates have trailed the rest of the nation. In the last twelve months, Coatesville's appreciation rate has been 3.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coatesville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coatesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coatesville - 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 Coatesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$118,379

Coatesville, PA HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$525,001 - $788,000 0.0
$420,001 - $525,000 0.5
$315,001 - $420,000 3.3
$210,001 - $315,000 13.3
$105,001 - $210,000 49.6
$53,001 - $105,000 27.5
$0 - $53,000 5.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
66.447908121411 63.4782608695652

Number Of Homes And Apartments:
4,407

Coatesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
33.86% 1.70% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,366 / per month

Homeownership Rate

Homeownership
Owners 36.00
Renters 64.00
Vacant 14.03

Housing Market Details

 

Age of Homes

AGE OF Coatesville HOMES
2000 or Newer 13.4
1970 - 1999 10.2
1940 - 1969 21.5
1939 or Older 55.0

Types of Homes

TYPE OF Coatesville HOMES
Single-Family 20.7
Townhomes 40.1
Small Apt. Buildings 17.2
Apt. Complexes 21.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Coatesville HOMES
No Bedroom 1.27
1 Bedroom 16.47
2 Bedrooms 22.55
3 Bedrooms 39.39
4 Bedrooms 16.84
5 or more bedrooms 3.49