Concord, NC—28025
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 $339,000, with a year-over-year change of -2.4%. This indicates that home prices in Concord, NC are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | -2.4% |
| Single Family | $344,000 | -2.5% |
| Condos | $191,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $153,000 | -1.3% |
2 Bed | $213,000 | -2.7% |
3 Bed | $322,000 | -2.7% |
4 Bed | $441,000 | -2.0% |
| 5 Bed | $543,000 | -1.8% |
% of Housing Stock
Rental Trends — Concord, NC
As of July '25, Rentcast reports the average rent in Concord, NC is $1,810, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Concord, NC is studios: $992, 1-bedrooms: $1,040, 2-bedrooms: $1,320, 3-bedrooms: $1,860, 4-bedrooms: $2,330. The most common rental property sizes in Concord, NC are 3-bedroom and 2-bedroom, accounting for 40.1% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,810 |
| Studio Rent | $1,150 | $992 |
| 1 Bed Rent | $1,000 | $1,040 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $1,800 | $1,860 |
| 4 Bed Rent | $2,220 | $2,330 |
% 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 54. This is a increase of 24.0% 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 | $360,000 | -6.0% |
Listing Count | 280 | 33.0% |
| Listings as % of Homes | 0.7% | 33.0% |
Days on Market | 54 | 24.0% |
Demographics — Concord, NC
As of the latest ACS Survey released in 2023, Concord, NC has a population of 57,500, which has increased by 4.9% over the past 5 years. Concord, NC is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,500 | 4.9% |
% Under 18 | 23.4% | -7.1% |
% Seniors | 14.0% | 1.4% |
% WFH | 11.8% | 156.5% |
% w/ College Degree | 33.1% | 30.3% |
As of the latest ACS Survey released in 2023, Concord, NC is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Concord, NC is black, making up 21.0% of the population. Foreign-born residents account for 6.8% of the population in Concord, NC, and this percentage has increased by 4.6% 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 | 60.7% | -8.9% |
% Black | 21.0% | 17.3% |
% Hispanic | 13.2% | 0.0% |
% Asian | 1.1% | 10.0% |
% Foreign Born | 6.8% | 4.6% |
Mortgage and Risk — Concord, NC
According to HUD data as of 2023, there were 1426 mortgage originations in Concord, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Concord, NC. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,426 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Concord, NC
As of 2024, the percent of homes in Concord, NC under the Section 8 program is 5.7%. 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 | 545 |
Total Units Section 8 | 341 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,000 | $1,370 |
| 2 Bedroom | $220 | $1,300 | $1,520 |
| 3 Bedroom | $70 | $1,800 | $1,870 |
| 4 Bedroom | $160 | $2,220 | $2,380 |
Affordability — Concord, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $339,000 |
| Median Household Income | $79,300 |