Quick facts: Coats, NC

Quick Facts

100.6
Cost of Living
above US average
2,229
Population
46.66
Crime Rate per 1000
above US average
$42,566
Median Income
below US average
$285,000
Median House Price
above US average
$1272.5
Average Rent
below US average
10%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $42,566.

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Income Needed to Buy

βœ— Stretch
$89k/year
Based on $285,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $89k vs median $42,566
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Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1272.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $42,566
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coats, NC

Coats is a quaint town located in Harnett County, North Carolina. Situated just a few miles south of the U.S. Highway 421, it serves as a small but charming community with a rich agricultural backdrop. The town is known for its friendly atmosphere and close-knit community, providing a peaceful setting for families and individuals alike. Coats features a variety of local shops, cafes, and eateries that reflect its Southern charm. Residents enjoy outdoor activities, with nearby parks and recreational areas offering opportunities for sports, picnicking, and family gatherings. The town also hosts seasonal events and festivals, fostering community spirit and engagement. In addition to its local attractions, Coats is within a short drive to larger cities like Dunn and Fayetteville, providing access to more extensive shopping, dining, and entertainment options. The area is characterized by a mix of classic Southern architecture and natural beauty, making it a desirable spot for those seeking a slower pace of life while still being connected to urban amenities. Overall, Coats embodies the essence of small-town living in North Carolina.

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