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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.



Coats, NC 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 Q2 2024. 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

Coats, NC Housing Market Trends

With 2,229 people, 1,039 houses or apartments, and a median cost of homes of $273,944, 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 73.38% 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 ( 14.66%), mobile homes or trailers ( 5.56%), and a few large apartment complexes or high rise apartments ( 4.80%).

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 52.56% owning and 47.44% 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 ( 20.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.22%). There's also some housing in Coats built before 1939 ( 11.37%).

Vacant housing appears to be an issue in Coats. Fully 12.47% 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 105.80%, which ranks in the top 30% nationwide. This equates to an annual average Coats house appreciation rate of 7.48%.

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 4.01%, 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 1.65%, which equates to an annual appreciation rate of 6.77%.

Relative to North Carolina, our data show that Coats's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$273,944

Coats, NC Home Prices
> $1,480,000
$1,110,001 - $1,480,000
$740,001 - $1,110,000
$592,001 - $740,000
$444,001 - $592,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.0%
0.0%
1.9%
1.9%
3.7%
3.7%
2.0%
2.0%
5.5%
5.5%
27.4%
27.4%
38.7%
38.7%
16.3%
16.3%
4.6%
4.6%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

1,039

Coats Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,735 / per month

Homeownership Rate

Owners
Renters
52.6%
52.6%
47.4%
47.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.5%
12.5%
87.5%
87.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.2%
12.2%
55.8%
55.8%
20.6%
20.6%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.4%
73.4%
1.6%
1.6%
14.7%
14.7%
4.8%
4.8%
5.6%
5.6%
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
0.0%
0.0%
11.5%
11.5%
25.2%
25.2%
58.7%
58.7%
4.4%
4.4%
0.3%
0.3%
0% 100.0%
% of Homes