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 15,840 people, 7,257 houses or apartments, and a median cost of homes of $352,183, Coos Bay real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Coos Bay, accounting for 58.38% of the city's housing units. Other types of housing that are prevalent in Coos Bay include large apartment complexes or high rise apartments ( 14.77%), duplexes, homes converted to apartments or other small apartment buildings ( 12.67%), and a few mobile homes or trailers ( 11.72%).
People in Coos Bay primarily live in small (one, two or no bedroom) single-family detached homes. Coos Bay has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Coos Bay 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 Coos Bay built between 1940-1969 ( 33.38%). A lesser amount of the housing stock also hails from before 1939 ( 13.19%). There's also some housing in Coos Bay built between 2000 and later ( 11.57%).
Appreciation rates for homes in Coos Bay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.27%, which ranks in the top 30% nationwide. This equates to an annual average Coos Bay house appreciation rate of 7.56%.
Over the last year, Coos Bay appreciation rates have trailed the rest of the nation. In the last twelve months, Coos Bay's appreciation rate has been 0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coos Bay were at 2.21%, which equates to an annual appreciation rate of 9.15%.
Relative to Oregon, our data show that Coos Bay's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coos Bay differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coos Bay - 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 Coos Bay real estate investment or home purchase decisions.
$352,183
for Oregon
for nation
7,257
$1,371 / per month