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 13,320 people, 4,649 houses or apartments, and a median cost of homes of $229,342, house prices in Coatesville are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Coatesville, accounting for 46.86% of the city's housing units. Other types of housing that are prevalent in Coatesville include single-family detached homes ( 21.47%), large apartment complexes or high rise apartments ( 19.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.20%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Coatesville are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 36.04% owning and 63.96% renting.
The housing in Coatesville was primarily built before 1939 ( 39.53%), making the housing stock in Coatesville some of the oldest overall in America, although there is a range of ages of homes in Coatesville. The next most important housing age is between 1940-1969 ( 23.26%), followed by between 2000 and later ( 22.93%). There's also some housing in Coatesville built between 1970-1999 ( 14.28%).
Coatesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coatesville during the period has been just 4.72%, which is lower than 80% of US communities.
Appreciation rates are so strong in Coatesville that despite a nationwide downturn in the housing market, Coatesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coatesville appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 72.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coatesville. Coatesville appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to Pennsylvania, our data show that Coatesville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coatesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coatesville - 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 Coatesville real estate investment or home purchase decisions.
$229,342
for Pennsylvania
for nation
4,649
$2,375 / per month