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 2,261 people, 999 houses or apartments, and a median cost of homes of $267,158, 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 70.13% 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 ( 16.34%), large apartment complexes or high rise apartments ( 8.03%), and a few mobile homes or trailers ( 4.60%).
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 48.96% owning and 51.04% 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 ( 18.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.97%). There's also some housing in Coats built before 1939 ( 13.27%).
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 109.68%, which ranks in the top 30% nationwide. This equates to an annual average Coats house appreciation rate of 7.69%.
Over the last year, Coats appreciation rates have trailed the rest of the nation. In the last twelve months, Coats's appreciation rate has been 5.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coats were at 2.62%, which equates to an annual appreciation rate of 10.90%.
Importantly, this makes Coats 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 North Carolina, our data show that Coats's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$267,158
for North carolina
for nation
999
$1,460 / per month