Concord, MI—49237
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concord, MI
As of Oct '25, the median home price in Concord, MI is $234,000, with a year-over-year change of 3.2%. This indicates that home prices in Concord, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 3.2% |
| Single Family | $233,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $235,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Concord, MI
Concord, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Concord, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Concord, MI is 117. This is a increase of 44.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $174,000 | -6.0% |
Listing Count | 7 | -29.0% |
| Listings as % of Homes | 0.3% | -29.0% |
Days on Market | 117 | 44.0% |
Demographics — Concord, MI
As of the latest ACS Survey released in 2023, Concord, MI has a population of 3,090, which has increased by 2.8% over the past 5 years. Concord, MI is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,090 | 2.8% |
% Under 18 | 23.9% | -10.8% |
% Seniors | 18.9% | 36.0% |
% WFH | 10.4% | 271.4% |
% w/ College Degree | 16.2% | -32.5% |
As of the latest ACS Survey released in 2023, Concord, MI is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Concord, MI is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.0% of the population in Concord, MI, and this percentage has increased by 25.0% 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 | 94.9% | 0.6% |
% Black | 1.1% | -67.6% |
% Hispanic | 1.4% | 7.7% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 1.0% | 25.0% |
Mortgage and Risk — Concord, MI
According to HUD data as of 2023, there were 117 mortgage originations in Concord, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Concord, MI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Concord, MI
Concord, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Concord, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $234,000 |
| Median Household Income | $66,700 |