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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.



Coram, NY 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

Coram, NY Housing Market Trends

With a population of 40,220, 15,496 total housing units (homes and apartments), and a median house value of $598,654, real estate costs in Coram are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Coram, accounting for 52.84% of the town's housing units. Other types of housing that are prevalent in Coram include large apartment complexes or high rise apartments ( 23.44%), row houses and other attached homes ( 14.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coram. Owner-occupied housing accounts for 67.83% of Coram's homes, and 50.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coram 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 Coram built between 2000 and later ( 18.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.11%). There's also some housing in Coram built before 1939 ( 2.01%).

Coram Home Appreciation Rates

Appreciation rates for homes in Coram have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.68%, which ranks in the top 30% nationwide. This equates to an annual average Coram house appreciation rate of 7.43%.

Appreciation rates are so strong in Coram that despite a nationwide downturn in the housing market, Coram real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coram appreciation rates continue to be some of the highest in America, at 10.24%, which is higher than appreciation rates in 88.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coram. Coram appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.

Relative to New York, our data show that Coram's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Coram differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coram - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coram real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$598,654

Coram, NY Home Prices
> $1,407,000
$1,056,001 - $1,407,000
$704,001 - $1,056,000
$563,001 - $704,000
$422,001 - $563,000
$282,001 - $422,000
$140,001 - $282,000
$70,001 - $140,000
$0 - $70,000
0.3%
0.3%
1.4%
1.4%
21.1%
21.1%
25.2%
25.2%
31.1%
31.1%
14.4%
14.4%
4.1%
4.1%
0.7%
0.7%
1.7%
1.7%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

15,496

Coram Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,510 / per month

Homeownership Rate

Owners
Renters
67.8%
67.8%
32.2%
32.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.2%
18.2%
66.7%
66.7%
13.1%
13.1%
2.0%
2.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.8%
52.8%
14.4%
14.4%
9.3%
9.3%
23.4%
23.4%
0.0%
0.0%
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
1.6%
1.6%
14.4%
14.4%
28.6%
28.6%
26.8%
26.8%
23.4%
23.4%
5.3%
5.3%
0% 100.0%
% of Homes