Concord, CA—94518
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concord, CA
As of Nov '25, the median home price in Concord, CA is $831,000, with a year-over-year change of -4.2%. This indicates that home prices in Concord, CA are decreasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $831,000 | -4.2% |
| Single Family | $878,000 | -3.9% |
| Condos | $342,000 | -9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $287,000 | -9.2% |
2 Bed | $363,000 | -9.7% |
3 Bed | $784,000 | -4.3% |
4 Bed | $961,000 | -3.8% |
| 5 Bed | $1,122,222 | -3.5% |
% of Housing Stock
Rental Trends — Concord, CA
As of July '25, Rentcast reports the average rent in Concord, CA is $2,900, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Concord, CA is 1-bedrooms: $2,000, 2-bedrooms: $2,510, 3-bedrooms: $3,710, 4-bedrooms: $4,150. The most common rental property sizes in Concord, CA are 2-bedroom and 3-bedroom, accounting for 46.9% and 17.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,490 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $2,000 |
| 2 Bed Rent | $2,450 | $2,510 |
| 3 Bed Rent | $3,700 | $3,710 |
| 4 Bed Rent | $3,850 | $4,150 |
% of Rental Stock
Property Listings — Concord, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Concord, CA is 51. This is a increase of 7.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $679,000 | 6.0% |
Listing Count | 66 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 51 | 7.0% |
Demographics — Concord, CA
As of the latest ACS Survey released in 2023, Concord, CA has a population of 27,700, which has decreased by -2.4% over the past 5 years. Concord, CA is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 44.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | -2.4% |
% Under 18 | 20.0% | 11.7% |
% Seniors | 18.9% | 13.2% |
% WFH | 16.2% | 179.3% |
% w/ College Degree | 44.3% | 12.2% |
As of the latest ACS Survey released in 2023, Concord, CA is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Concord, CA is hispanic, making up 28.8% of the population. Foreign-born residents account for 26.0% of the population in Concord, CA, and this percentage has increased by 5.3% 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 | 47.9% | -11.0% |
% Black | 2.0% | -44.4% |
% Hispanic | 28.8% | 7.9% |
% Asian | 13.2% | 28.2% |
% Foreign Born | 26.0% | 5.3% |
Mortgage and Risk — Concord, CA
According to HUD data as of 2023, there were 389 mortgage originations in Concord, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Concord, CA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 389 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Concord, CA
As of 2024, the percent of homes in Concord, CA under the Section 8 program is 7.5%. 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 | 237 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,900 | $2,190 |
| 2 Bedroom | $220 | $2,450 | $2,670 |
| 3 Bedroom | -$280 | $3,700 | $3,420 |
| 4 Bedroom | $210 | $3,850 | $4,060 |
Affordability — Concord, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $831,000 |
| Median Household Income | $111,000 |