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Coats Bend

Learn about the people, housing, costs and businesses in Coats Bend, Alabama

Median Home$172,600
Median Rent$988/month
Population1,558
Leading IndustriesHealthcare · Retail · Education15% healthcare
Home Value Growth⬆⬆⬆+47.2% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners93% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Coats Bend
AL

Frequently Asked Questions

What are today's mortgage rates in Coats Bend?

As of today, the 30-year fixed mortgage rate for Coats Bend is approximately 7.059% (7.100% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Coats Bend?

The median home value in Coats Bend is $173k. The median monthly rent is $988. Annual property taxes average $628. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coats Bend?

Home values in Coats Bend have increased 47.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Coats Bend?

Based on a typical all-in ownership cost of $919/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coats Bend is $60k/year.

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What industries drive the economy in Coats Bend?

The largest employment sectors in Coats Bend are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.