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Colerain

Learn about the people, housing, costs and businesses in Colerain, North Carolina

Median Home$123,500
Median Rent$878/month
Population209
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth⬆⬆⬆+48.7% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners77% of occupied units
Colerain
NC

Frequently Asked Questions

What are today's mortgage rates in Colerain?

As of today, the 30-year fixed mortgage rate for Colerain is approximately 6.827% (6.861% 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 Colerain?

The median home value in Colerain is $124k. The median monthly rent is $878. Annual property taxes average $917. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colerain?

Home values in Colerain have increased 48.7% 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 Colerain?

Based on a typical all-in ownership cost of $839/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colerain is $53k/year.

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What industries drive the economy in Colerain?

The largest employment sectors in Colerain are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.