Concord, MA—01742
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concord, MA
As of Oct '25, the median home price in Concord, MA is $1,426,000, with a year-over-year change of 2.5%. This indicates that home prices in Concord, MA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,426,000 | 2.5% |
| Single Family | $1,542,000 | 2.7% |
| Condos | $760,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $542,000 | 5.0% |
2 Bed | $735,000 | 1.4% |
3 Bed | $1,164,000 | 2.6% |
4 Bed | $1,590,000 | 2.4% |
| 5 Bed | $2,371,000 | 5.1% |
% of Housing Stock
Rental Trends — Concord, MA
As of July '25, Rentcast reports the average rent in Concord, MA is $3,580, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Concord, MA is 1-bedrooms: $2,840, 2-bedrooms: $3,430, 3-bedrooms: $4,660, 4-bedrooms: $5,650. The most common rental property sizes in Concord, MA are 2-bedroom and 1-bedroom, accounting for 55.8% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,230 | $3,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,860 | $2,840 |
| 2 Bed Rent | $3,420 | $3,430 |
| 3 Bed Rent | $4,420 | $4,660 |
| 4 Bed Rent | $6,200 | $5,650 |
% of Rental Stock
Property Listings — Concord, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Concord, MA is 45. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,470,000 | -12.0% |
Listing Count | 58 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 45 | 37.0% |
Demographics — Concord, MA
As of the latest ACS Survey released in 2023, Concord, MA has a population of 18,300, which has decreased by -5.2% over the past 5 years. Concord, MA is a popular place for families, as children make up 26.8% of the population. The area has a highly educated workforce, with 79.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -5.2% |
% Under 18 | 26.8% | 14.0% |
% Seniors | 20.6% | 5.1% |
% WFH | 34.9% | 154.7% |
% w/ College Degree | 79.1% | 10.8% |
As of the latest ACS Survey released in 2023, Concord, MA is a predominantly white area, with 81.2% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Concord, MA is hispanic, making up 5.0% of the population. Foreign-born residents account for 10.5% of the population in Concord, MA, and this percentage has decreased by 4.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.2% | 2.3% |
% Black | 2.4% | -40.0% |
% Hispanic | 5.0% | -29.6% |
% Asian | 4.9% | -30.0% |
% Foreign Born | 10.5% | -4.5% |
Mortgage and Risk — Concord, MA
According to HUD data as of 2023, there were 321 mortgage originations in Concord, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Concord, MA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 321 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Concord, MA
As of 2024, the percent of homes in Concord, MA under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Concord, MA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $2,860 | $2,940 |
| 2 Bedroom | $60 | $3,420 | $3,480 |
| 3 Bedroom | -$230 | $4,420 | $4,190 |
| 4 Bedroom | -$1,590 | $6,200 | $4,610 |
Affordability — Concord, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $1,426,000 |
| Median Household Income | $211,000 |