Concord, MI 49237 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Concord, MI—49237

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$230,000

3.4% YoY Growth

Household Income

$66,700

15.8% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Concord, MI

As of Dec '25, the median home price in Concord, MI is $230,000, with a year-over-year change of 3.4%. This indicates that home prices in Concord, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$230,000	3.4%
Single Family	$230,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

1 Bedroom

22.8%

2 Bedrooms

28.7%

3 Bedrooms

30.7%

4 Bedrooms

13.9%

5+ Bedrooms

4.0%

Property Listings — Concord, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Concord, MI is 95. This is a increase of 73.0% 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	$266,000	6.0%
Listing Count	8	-31.0%
Listings as % of Homes	0.3%	-31.0%
Days on Market	54	31.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Concord, MI—49237

Key Metrics at a Glance

Home Price Trends — Concord, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Concord, MI

% of Rental Stock

Property Listings — Concord, MI

Demographics — Concord, MI

Race and Ethnicity

Mortgage and Risk — Concord, MI

Mortgages

Rentals and Section 8 — Concord, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Concord, MI

Home Price to Income Ratio

Concord, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hanover, MI

Spring Arbor, MI

Parma, MI

Albion, MI

Horton, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$230,000
Median Household Income	$66,700

Concord, MI—49237

Key Metrics at a Glance

Home Price Trends — Concord, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Concord, MI

% of Rental Stock

Property Listings — Concord, MI

Demographics — Concord, MI

Race and Ethnicity

Mortgage and Risk — Concord, MI

Mortgages

Rentals and Section 8 — Concord, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Concord, MI

Home Price to Income Ratio

Concord, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hanover, MI

Spring Arbor, MI

Parma, MI

Albion, MI

Horton, MI

Frequently Asked Questions

What is the average home price in Concord, MI 49237?

How have home prices in Concord, MI 49237 changed over the past year?

What is the home price projection for Concord, MI 49237?

What are the demographics of Concord, MI 49237?

How long does it take homes to sell in Concord, MI 49237?

What is the average rent price in Concord, MI 49237?