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 1,568 people, 670 houses or apartments, and a median cost of homes of $104,978, house prices in Coeburn are some of the most affordable in Virginia as well as the nation.
Single-family detached homes are the single most common housing type in Coeburn, accounting for 57.54% of the town's housing units. Other types of housing that are prevalent in Coeburn include mobile homes or trailers ( 31.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.03%), and a few row houses and other attached homes ( 2.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coeburn. Owner-occupied housing accounts for 65.75% of Coeburn's homes, and 58.79% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Coeburn 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 Coeburn built between 1940-1969 ( 21.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.34%). There's also some housing in Coeburn built before 1939 ( 12.94%).
Vacant housing appears to be an issue in Coeburn. Fully 15.83% of the housing stock is classified as vacant. Left unchecked, vacant Coeburn homes and apartments can be a drag on the real estate market, holding Coeburn real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Coeburn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
NeighborhoodScout's data show that during the latest twelve months, Coeburn's appreciation rate, at 6.83%, has been at or slightly above the national average. In the latest quarter, Coeburn's appreciation rate has been 2.32%, which annualizes to a rate of 9.62%.
Relative to Virginia, our data show that Coeburn's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.
$104,978
for Virginia
for nation
670
$1,322 / per month