Total monthly cost of ownership
Cost to Own a Home in Coats, North Carolina
A $117,000 home here costs
$1,123per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $48,000 a year.
A standard mortgage calculator would have told you $638. The real number is $485 higher every month, 76% more than the payment most buyers budget for.
Compare Harnett County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coats from a five-year rolling sample, and with about 2,029 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Harnett County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Coats against Harnett County and North Carolina
| Measure | Coats | Harnett County |
|---|---|---|
| Median home value | $116,800 | $220,700 |
| Median property tax | $1,507 | $1,642 |
| Effective tax rate | 1.290% | 0.744% |
| Median gross rent | $873 | $1,080 |
| Population | 2,029 | 136,503 |
The weather behind that power bill
Coats sits in Harnett County, which averages a high of 90.3°F in its hottest month and a low of 29.3°F in its coldest, with 46.64" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,676 cooling and 3,324 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Harnett County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harnett County
Full Harnett County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Coats averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Coats every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Coats?
A $117,000 home in Coats, North Carolina costs approximately $1,123 per month with 20% down at 7.24%. That is $638 principal and interest, $126 property tax, $42 homeowners insurance, $220 utilities and $98 set aside for maintenance.
What is the property tax rate in Coats?
Coats has an effective property tax rate of 1.290%, based on a median home value of $116,800 and median real estate taxes of $1,507. That is higher than the Harnett County average of 0.744%.
What is the average home price in Coats?
The median owner-occupied home value in Coats, North Carolina is $116,800, against $220,700 across Harnett County.
Is it cheaper to rent or buy in Coats?
Median gross rent in Coats is $873 a month, against $1,123 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Coats?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coats, North Carolina at today's rate takes a household income of roughly $48,000 a year. That covers the full $1,123 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coats, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for North Carolina.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.