Concord, CA—94521
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concord, CA
As of Oct '25, the median home price in Concord, CA is $776,000, with a year-over-year change of -5.2%. This indicates that home prices in Concord, CA are decreasing. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $776,000 | -5.2% |
| Single Family | $810,000 | -4.6% |
| Condos | $383,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $287,000 | -8.9% |
2 Bed | $406,000 | -8.6% |
3 Bed | $754,000 | -5.2% |
4 Bed | $878,000 | -4.1% |
| 5 Bed | $1,177,000 | -1.6% |
% of Housing Stock
Rental Trends — Concord, CA
As of July '25, Rentcast reports the average rent in Concord, CA is $2,750, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Concord, CA is 1-bedrooms: $1,970, 2-bedrooms: $2,320, 3-bedrooms: $3,730, 4-bedrooms: $3,950. The most common rental property sizes in Concord, CA are 2-bedroom and 3-bedroom, accounting for 32.1% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $1,970 |
| 2 Bed Rent | $2,300 | $2,320 |
| 3 Bed Rent | $3,650 | $3,730 |
| 4 Bed Rent | $3,900 | $3,950 |
% of Rental Stock
Property Listings — Concord, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Concord, CA is 35. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $823,000 | 10.0% |
Listing Count | 102 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 35 | -1.0% |
Demographics — Concord, CA
As of the latest ACS Survey released in 2023, Concord, CA has a population of 41,100, which has decreased by -4.6% over the past 5 years. Concord, CA is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 44.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,100 | -4.6% |
% Under 18 | 19.0% | -6.9% |
% Seniors | 19.6% | 10.7% |
% WFH | 18.2% | 213.8% |
% w/ College Degree | 44.0% | 5.8% |
As of the latest ACS Survey released in 2023, Concord, CA is a predominantly white area, with 53.5% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Concord, CA is hispanic, making up 17.0% of the population. Foreign-born residents account for 17.8% of the population in Concord, CA, and this percentage has decreased by 3.3% 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 | 53.5% | -16.3% |
% Black | 5.1% | 75.9% |
% Hispanic | 17.0% | -0.6% |
% Asian | 15.8% | 35.0% |
% Foreign Born | 17.8% | -3.3% |
Mortgage and Risk — Concord, CA
According to HUD data as of 2023, there were 542 mortgage originations in Concord, CA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Concord, CA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 542 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Concord, CA
As of 2024, the percent of homes in Concord, CA under the Section 8 program is 10.8%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Concord, CA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 452 |
Total Units Section 8 | 452 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $2,100 | $2,220 |
| 2 Bedroom | $410 | $2,300 | $2,710 |
| 3 Bedroom | -$180 | $3,650 | $3,470 |
| 4 Bedroom | $220 | $3,900 | $4,120 |
Affordability — Concord, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $776,000 |
| Median Household Income | $127,000 |