Victor Holm constructed a cabin in Cohoe in 1890. Holm sailed from Finland to Alaska to make his home. The cabin and many of Holm's handmade items still remain; the cabin is listed on the National Register of Historic Places. Cohoe was originally an agricultural settlement where a post office was established in 1950.
7.7% of the population are Alaska Native or part Native. Cohoe is best characterized as a roadside development.

During the 2000 U.S. Census, there were 630 total housing units, and 185 were vacant. 132 of these vacant housing units are used only seasonally. 415 residents were employed. The unemployment rate at that time was 16.33%, although 51.29% of all adults were not in the work force. The median household income was $38,542, per capita income was $19,059, and 12.15% of residents were living below the poverty level.

60% of homes use individual water wells and septic tank systems, and are fully plumbed. The remainder of residences haul or have water delivered, and use privies. Borough refuse transfer sites are available in Ninilchik (mi. 138.5 Sterling Hwy.) or in Kasilof (mi. 110.4 Sterling Hwy.)
Electricity is provided by Homer Electric Association.

There are no state operated schools located in the community.

Auxiliary health care is provided by Central Emergency Services (262-4792/4453) and Central Peninsula Hospital in Soldotna.

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