Coram, New York Housing Market Prices
Coram Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% above the New York median$484,043
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Median rent 54% above the New York median$2,491
Housing Market Overview
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $484,043 | $471,885 | $248,835 |
| Price Trend (Annual %) | 17.0% | 7.1% | 7.5% |
| Median Gross Rent | $2,491 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coram is about 3% higher than in New York. Rent is about 54% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Coram, up about 17.0% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Coram rose about 46.6% between 2015 and 2024, from $1,700 to $2,491. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Coram.
Buying the median-priced home in Coram costs roughly 16.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Coram. The price-to-rent ratio in New York is about 24.3.
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $484,043 | $471,885 | $248,835 |
| Median Household Income | $103,827 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.7 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coram rose about 132.5%, while median household income rose about 24.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 48.8% | 58.5% |
| Rental Rate | 28.6% | 41.1% | 31.2% |
| Vacancy Rate | 7.1% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Coram has a homeownership rate of 64.2%, higher than the New York average of 48.8%. Its housing vacancy rate is 7.1%, compared with 10.1% in New York.
Housing Stock
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1983 | 1960 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Coram was built around 1983. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Coram, NY Housing Compared With Nearby Cities
How Coram, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coram, NY | 39,542 | $484,043 #2/2 | $2,491 #1/2 | 69.2% #2/2 |
| Selden, NY | 21,223 | $534,894 | $2,315 | 84.6% |
Frequently Asked Questions
Common questions about the housing market in Coram, New York.
What is the median home price in Coram, New York?
The median home price in Coram, New York is $484,043, higher than the New York average of $471,885.
What is the average home price in Coram, New York?
The typical home price in Coram, New York, reported as the median sale price, is $484,043. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Coram, New York?
The median gross rent in Coram, New York is $2,491 per month, higher than the New York average of $1,621.
What was the median gross rent in Coram in 2020?
In 2020, the median gross rent in Coram, New York was $2,081 per month.
What is the price-to-rent ratio in Coram, New York?
The price-to-rent ratio in Coram, New York is about 16.2, meaning it would take roughly 16.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Coram.
Are home prices or rent rising faster in Coram, New York?
Both home prices and rent are rising in Coram, up about 17.0% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coram, New York?
64.2% of households in Coram, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Coram, New York?
The housing vacancy rate in Coram, New York is 7.1%, lower than the New York average of 10.1%.
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