Coats, NC—27521
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coats, NC
As of Oct '25, the median home price in Coats, NC is $231,000, with a year-over-year change of 1.1%. This indicates that home prices in Coats, NC are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 1.1% |
| Single Family | $231,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 0.0% |
3 Bed | $252,000 | 1.2% |
4 Bed | $367,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coats, NC
As of July '25, Rentcast reports the average rent in Coats, NC is $1,300, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Coats, NC is 1-bedrooms: $850, 2-bedrooms: $1,220, 3-bedrooms: $2,150. The most common rental property sizes in Coats, NC are 3-bedroom and 2-bedroom, accounting for 46.3% and 41.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,400 | $1,220 |
| 3 Bed Rent | $2,150 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coats, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Coats, NC is 58. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | -5.0% |
Listing Count | 37 | 38.0% |
| Listings as % of Homes | 0.5% | 38.0% |
Days on Market | 58 | -3.0% |
Demographics — Coats, NC
As of the latest ACS Survey released in 2023, Coats, NC has a population of 6,610, which has increased by 8.1% over the past 5 years. Coats, NC is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,610 | 8.1% |
% Under 18 | 25.0% | -1.6% |
% Seniors | 21.9% | 65.9% |
% WFH | 6.4% | 30.6% |
% w/ College Degree | 20.9% | 46.2% |
As of the latest ACS Survey released in 2023, Coats, NC is a predominantly white area, with 63.6% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Coats, NC is hispanic, making up 17.6% of the population. Foreign-born residents account for 7.1% of the population in Coats, NC, and this percentage has decreased by 1.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.6% | -13.6% |
% Black | 14.0% | 70.7% |
% Hispanic | 17.6% | 20.5% |
% Asian | 0.6% | 500.0% |
% Foreign Born | 7.1% | -1.4% |
Mortgage and Risk — Coats, NC
According to HUD data as of 2023, there were 231 mortgage originations in Coats, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Coats, NC. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Coats, NC
Coats, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $850 | $780 |
| 2 Bedroom | -$380 | $1,400 | $1,020 |
| 3 Bedroom | -$720 | $2,150 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Coats, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $231,000 |
| Median Household Income | $57,500 |