Coram, NY—11727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coram, NY
As of Oct '25, the median home price in Coram, NY is $549,000, with a year-over-year change of 5.0%. This indicates that home prices in Coram, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $549,000 | 5.0% |
| Single Family | $597,000 | 3.5% |
| Condos | $370,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $391,000 | 2.1% |
3 Bed | $556,000 | 4.3% |
4 Bed | $626,000 | 3.3% |
| 5 Bed | $652,000 | 3.8% |
% of Housing Stock
Rental Trends — Coram, NY
As of July '25, Rentcast reports the average rent in Coram, NY is $2,870, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Coram, NY is studios: $1,920, 1-bedrooms: $2,390, 2-bedrooms: $3,060, 3-bedrooms: $3,850, 4-bedrooms: $4,500. The most common rental property sizes in Coram, NY are 2-bedroom and 1-bedroom, accounting for 42.8% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,870 |
| Studio Rent | $1,950 | $1,920 |
| 1 Bed Rent | $2,350 | $2,390 |
| 2 Bed Rent | $3,120 | $3,060 |
| 3 Bed Rent | $3,890 | $3,850 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Coram, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Coram, NY is 51. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | -2.0% |
Listing Count | 145 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 51 | 41.0% |
Demographics — Coram, NY
As of the latest ACS Survey released in 2023, Coram, NY has a population of 29,400, which has decreased by -1.4% over the past 5 years. Coram, NY is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | -1.4% |
% Under 18 | 17.7% | -19.5% |
% Seniors | 17.4% | 13.0% |
% WFH | 7.8% | 239.1% |
% w/ College Degree | 34.3% | 11.0% |
As of the latest ACS Survey released in 2023, Coram, NY is a predominantly white area, with 50.1% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Coram, NY is hispanic, making up 19.2% of the population. Foreign-born residents account for 22.4% of the population in Coram, NY, and this percentage has increased by 27.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.1% | -14.4% |
% Black | 15.8% | 15.3% |
% Hispanic | 19.2% | -8.6% |
% Asian | 6.1% | 5.2% |
% Foreign Born | 22.4% | 27.3% |
Mortgage and Risk — Coram, NY
According to HUD data as of 2023, there were 322 mortgage originations in Coram, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Coram, NY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 322 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Coram, NY
As of 2024, the percent of homes in Coram, NY under the Section 8 program is 9.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Coram, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 479 |
Total Units Section 8 | 393 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $2,350 | $2,520 |
| 2 Bedroom | -$210 | $3,120 | $2,910 |
| 3 Bedroom | -$120 | $3,890 | $3,770 |
| 4 Bedroom | -$460 | $4,500 | $4,040 |
Affordability — Coram, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $549,000 |
| Median Household Income | $102,000 |