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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Coeburn, VA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Coeburn, VA Housing Market Trends

With a population of 1,568, 670 total housing units (homes and apartments), and a median house value of $102,313, house prices in Coeburn are some of the most affordable in Virginia as well as the nation.

Single-family detached homes are the single most common housing type in Coeburn, accounting for 57.54% of the town's housing units. Other types of housing that are prevalent in Coeburn include mobile homes or trailers ( 31.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.03%), and a few row houses and other attached homes ( 2.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coeburn. Owner-occupied housing accounts for 65.75% of Coeburn's homes, and 58.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coeburn 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 Coeburn built between 1940-1969 ( 21.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.34%). There's also some housing in Coeburn built before 1939 ( 12.94%).

Vacant housing appears to be an issue in Coeburn. Fully 15.83% of the housing stock is classified as vacant. Left unchecked, vacant Coeburn homes and apartments can be a drag on the real estate market, holding Coeburn 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.

Coeburn Home Appreciation Rates

Real estate appreciation rates in Coeburn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.69% during the period.

Appreciation rates are so strong in Coeburn that despite a nationwide downturn in the housing market, Coeburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coeburn appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coeburn. Coeburn appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Coeburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Virginia, our data show that Coeburn's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$102,313

Coeburn, VA Home Prices
> $1,159,000
$869,001 - $1,159,000
$579,001 - $869,000
$464,001 - $579,000
$348,001 - $464,000
$232,001 - $348,000
$116,001 - $232,000
$58,001 - $116,000
$0 - $58,000
0.0%
0.0%
0.0%
0.0%
1.9%
1.9%
0.0%
0.0%
1.2%
1.2%
15.3%
15.3%
34.5%
34.5%
20.0%
20.0%
27.1%
27.1%
0% 100.0%
% of Homes
Very Low

for Virginia

Very Low

for nation

Number of Homes And Apartments:

670

Coeburn Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,250 / per month

Homeownership Rate

Owners
Renters
65.7%
65.7%
34.3%
34.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.8%
15.8%
84.2%
84.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.3%
18.3%
47.1%
47.1%
21.6%
21.6%
12.9%
12.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.5%
57.5%
2.8%
2.8%
6.0%
6.0%
2.6%
2.6%
31.0%
31.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
5.0%
5.0%
31.4%
31.4%
42.8%
42.8%
16.0%
16.0%
2.8%
2.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Coeburn

Zip Codes in Coeburn, VA