Concord, NC—28027
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Concord, NC
Home Price Trends — Concord, NC
As of Oct '25, the median home price in Concord, NC is $409,000, with a year-over-year change of -1.8%. This indicates that home prices in Concord, NC are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | -1.9% |
| Single Family | $411,000 | -1.9% |
| Condos | $333,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $183,000 | -4.2% |
2 Bed | $244,000 | -1.6% |
3 Bed | $348,000 | -2.0% |
4 Bed | $492,000 | -1.0% |
| 5 Bed | $611,000 | -0.3% |
% of Housing Stock
Rental Trends — Concord, NC
As of July '25, Rentcast reports the average rent in Concord, NC is $2,100, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Concord, NC is studios: $974, 1-bedrooms: $1,270, 2-bedrooms: $1,540, 3-bedrooms: $2,010, 4-bedrooms: $2,470. The most common rental property sizes in Concord, NC are 2-bedroom and 3-bedroom, accounting for 39.9% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,100 |
| Studio Rent | $959 | $974 |
| 1 Bed Rent | $1,280 | $1,270 |
| 2 Bed Rent | $1,300 | $1,540 |
| 3 Bed Rent | $2,000 | $2,010 |
| 4 Bed Rent | $2,390 | $2,470 |
% of Rental Stock
Property Listings — Concord, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Concord, NC is 50. This is a increase of 18.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -5.0% |
Listing Count | 312 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 50 | 18.0% |
Demographics — Concord, NC
As of the latest ACS Survey released in 2023, Concord, NC has a population of 79,400, which has increased by 25.2% over the past 5 years. Concord, NC is a popular place for families, as children make up 27.4% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 79,400 | 25.2% |
% Under 18 | 27.4% | 9.2% |
% Seniors | 12.1% | -1.6% |
% WFH | 16.9% | 207.3% |
% w/ College Degree | 42.6% | 18.7% |
As of the latest ACS Survey released in 2023, Concord, NC is a predominantly white area, with 52.7% of the population identifying as white. The white population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in Concord, NC is black, making up 19.3% of the population. Foreign-born residents account for 13.7% of the population in Concord, NC, and this percentage has increased by 23.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.7% | -17.5% |
% Black | 19.3% | 7.8% |
% Hispanic | 14.4% | 29.7% |
% Asian | 8.8% | 54.4% |
% Foreign Born | 13.7% | 23.4% |
Mortgage and Risk — Concord, NC
According to HUD data as of 2023, there were 1512 mortgage originations in Concord, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Concord, NC. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,512 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Concord, NC
As of 2024, the percent of homes in Concord, NC under the Section 8 program is 1.4%. 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. In Concord, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 156 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,280 | $1,540 |
| 2 Bedroom | $400 | $1,300 | $1,700 |
| 3 Bedroom | $100 | $2,000 | $2,100 |
| 4 Bedroom | $270 | $2,390 | $2,660 |
Affordability — Concord, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $409,000 |
| Median Household Income | $89,100 |