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 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%).
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.
$598,654
for New york
for nation
15,496
$4,510 / per month